NEXT - NextDecade signs another LNG supply deal with Chinese company
NextDecade ( NASDAQ: NEXT ) said Wednesday it signed a 20-year deal to supply liquefied natural gas to China's Guangdong Energy from the planned Rio Grande LNG export project in Texas.
Under the agreement, Guangdong Energy will purchase 1M metric tons/year of LNG from Rio Grande LNG Train 1, which NextDecade ( NEXT ) expects to start commercial operations as early as 2026.
NextDecade ( NEXT ) expects to make a positive final investment decision on as many as three trains of Rio Grande LNG in H2 2022, assuming the achievement of further LNG contracting and financing.
On Tuesday, NextDecade ( NEXT ) announced a deal to sell 1M tons/year of LNG to China Gas under a 20-year contract .
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NextDecade signs another LNG supply deal with Chinese company