BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 8.Apr.2025) — NextDecade Corporation executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of Aramco for offtake of 1.2 million tonnes per annum (MTPA) of LNG from Train 4 at the Rio Grande LNG (RGLNG) facility.
The agreement follows a non-binding Heads of Agreement (HoA) between the 2 companies signed on 13 Jun. 2024.
Per the terms of the SPA, the Aramco subsidiary will acquire the LNG on a free on board basis at a price indexed to Henry Hub, subject to a positive final investment decision (FID) on Train 4, NextDecade announced on 8 Apr. 2025 in an official statement.
