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    1. Pipelines & Transportation
    2. LNG

    NextDecade, Itochu sign 15-year LNG supply deal

    Jan. 19, 2023
    NextDecade Corp. will supply LNG from its Rio Grande LNG plant in Brownsville, Tex., to Itochu Corp., marking the company’s first deal with a Japanese customer, the company said in a release Jan. 19.

    NextDecade Corp. will supply LNG from its 27-million tonne/year (tpy) Rio Grande LNG (RGLNG) liquefaction plant in Brownsville, Tex., to Itochu Corp., marking the company’s first deal with a Japanese customer, the company said in a release Jan. 19.

    The companies signed a 15-year agreement for the purchase of 1.0 million tpy indexed to Henry Hub on a free-on-board basis.

    NextDecade is targeting a positive final investment decision (FID) on the first three trains of the RGLNG export project during first-quarter 2023, with FIDs of its remaining trains to follow thereafter.

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