HomeNewsNextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement With Guangdong Energy Group

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NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement With Guangdong Energy Group

7/7/2022

NextDecade - Press release NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement with Guangdong Energy Group for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously announced on March 24, 2022. Under the SPA, Guangdong Energy Group will purchase approximately 1.0 million tonnes per annum (“MTPA”) of LNG indexed to Henry Hub and delivered on an ex-ship (“DES”) basis. The LNG will be supplied from Rio Grande LNG Train 1, which is expected to start commercial operations as early as 2026. Guangdong Energy Group has the right

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