NextDecade, Aramco sign LNG supply deal pending Rio Grande Train 4 FID
NextDecade Corp. has executed a long-term LNG supply agreement with a Saudi Aramco subsidiary for offtake from the Rio Grande LNG plant under construction in Brownsville, Tex.
NextDecade agreed to supply about 1.2 million tonnes/year (tpy) from Rio Grande’s Train 4 for 20 years on a free-on-board basis at a price indexed to Henry Hub.
The deal is subject to a positive final investment decision (FID) on Train 4, which NextDecade said is subject to, among other things, “entering into appropriate commercial arrangements, and obtaining adequate financing to construct Train 4 and related infrastructure.”
NextDecade is currently constructing the first three liquefaction trains (Phase 1) on a 984-acre site and progressing work to commercialize Rio Grande LNG Trains 4-5. As of January 2025, Trains 1-2 are 38.1% complete. Train 3 is about 15.3% complete. About 48 million tpy of potential liquefaction capacity is currently under construction or in development, according to NextDecade.