NEXT - NextDecade inks long-term LNG supply deal with Portuguese refiner Galp
- NextDecade ( NASDAQ: NEXT ) on Tuesday announced a sale and purchase agreement with Portuguese state-run refiner Galp for long-term supply of LNG from NextDecade's Rio Grande LNG export project in Brownsville, Texas.
- Shares of NextDecade ( NEXT ) gained 6.3% on Tuesday.
- Under the 20-year deal, Galp will purchase 1 MTPA of LNG indexed to Henry Hub on a free-on-board basis.
- NextDecade ( NEXT ) is targeting a positive final investment decision on the first three trains of the Rio Grande export project during Q1 2023, with FIDs of its remaining trains to follow thereafter.
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NextDecade inks long-term LNG supply deal with Portuguese refiner Galp