NextDecade announces increase of ENN LNG sale and purchase agreement

NextDecade Corporation announced a volume increase of the sale and purchase agreement (SPA) with Singapore’s ENN LNG , a wholly-owned subsidiary of ENN Natural Gas Co., for the supply of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project (RGLNG) in Brownsville, Texas.

The Rio Grande LNG project is situated on a 984-acre site on the banks of an uncongested deepwater channel, it will be the largest privately funded infrastructure project in the State of Texas.

Under the 20-year SPA, ENN will now purchase 2.0 million tonnes per annum (MTPA) of LNG. This is a 0.5 MTPA increase from the original 1.5 MTPA SPA announced earlier this year. All volumes of LNG are indexed to Henry Hub and will be supplied from the first three trains at RGLNG on a free-on-board basis.

NextDecade is currently targeting a positive Final Investment Decision (FID) on the first three trains of the RGLNG export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.

Through NextDecade’s wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, the company is developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America.

Rio Grande LNG is the only U.S. LNG project offering CO2 emissions reduction of more than 90 percent via carbon capture and storage – capturing and permanently storing more than 5 million metric tonnes of CO2 per year.