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China Gas and NextDecade Sign 20-year Long-Term LNG Agreement

7/5/2022

China Gas - Press release China Gas Holdings Limited, a leading natural gas operator in China, has announced that its wholly-owned subsidiary China Gas Hongda Energy Trading Co., LTD and Rio Grande LNG, LLC, a subsidiary of NextDecade Corporation, have signed a LNG sale and purchase agreement (SPA). Pursuant to the SPA, NextDecade will, from Rio Grande’s LNG project, supply one million tons of LNG per year to China Gas on a free-on-board (FOB) basis. The purchase price is indexed to the benchmark price of Henry Hub. The SPA is valid for 20 years, under which the first batch of LNG is expected to be delivered in 2027. Upon Rio Grande LNG, LLC satisfying certain prerequisites, including maki

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