BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 13.Jun.2024) — The respective subsidiaries of Aramco and NextDecade Corporation executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train 4 at the Rio Grande LNG (RGLNG) facility at the Port of Brownsville, Texas.
Under the terms of the HoA, Aramco expects to purchase 1.2 million tonnes per annum (MTPA) of LNG on a free on board basis, at a price indexed to Henry Hub.
