HomeNewsNextDecade and Guangdong Energy Announce Binding Heads of Agreement

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NextDecade and Guangdong Energy Announce Binding Heads of Agreement

3/24/2022

NextDecade - Press release NextDecade Corporation announced today the execution of a binding Heads of Agreement (“HOA”) with Guangdong Energy Group Natural Gas Co., Ltd. for the long-term supply of liquefied natural gas for 20 years from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The HOA provides that Guangdong Energy will purchase up to 1.5 million tonnes per annum of LNG indexed to Henry Hub. The LNG supply willinitially be from train one of Rio Grande LNG, which is expected to start commercial operations in 2026. The HOA also provides that GuangdongEnergy and NextDecade will complete the sale and purchase agreement (“SPA”) in the second quarter of 2022.“We are hon

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