Saudi Arabian oil and gas giant Aramco has signed a 20-year liquefied natural gas (LNG) sales and purchase agreement with NextDecade Corporation.
Under terms of a Heads of Agreement (HoA), NextDecade will supply Aramco with 1.2 million tonnes per annum of LNG for 20 years on a free on-board basis.
The LNG will be supplied from Train 4 of the Rio Grande LNG facility at the Port of Brownsville, Texas. NextDecade is targeting a positive final investment decision to start construction of the fourth train in the second half of 2024.
Read more: NextDecade targets mid-2024 FID on fourth train at Rio Grande LNG
... to continue reading you must be subscribed
