NextDecade makes first deal in next Rio Grande LNG train
NextDecade has been marketing Train 4 of Rio Grande LNG in Brownsville, but after finalizing key deals last month, it has moved on to the next stage.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Journals
29-05-2025
- Business Journals
NextDecade makes first deal in next Rio Grande LNG train
NextDecade has been marketing Train 4 of Rio Grande LNG in Brownsville, but after finalizing key deals last month, it has moved on to the next stage.
Business Wire
29-05-2025
- Business Wire
NextDecade Announces 2.0 MTPA LNG Sale and Purchase Agreement with JERA from Rio Grande LNG Train 5
HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with JERA for offtake from Train 5 at the Rio Grande LNG Facility. Under the terms of the SPA, JERA will purchase 2.0 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, subject to a positive Final Investment Decision (FID) on Train 5. 'We are pleased to announce JERA, the largest power generator in Japan and a long-established LNG market leader, as a customer for Rio Grande LNG Train 5,' said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. 'We have seen strong commercial momentum this year for Rio Grande LNG, which is helping us commercialize Train 5 toward a positive FID.' Achieving a positive FID on Train 5 will be subject to, among other things, entering into appropriate commercial arrangements, entering into an engineering, procurement, and construction agreement, and obtaining adequate financing to construct Train 5 and related infrastructure. About NextDecade Corporation NextDecade is committed to providing the world access to reliable, lower carbon energy. We are focused on delivering secure, low-cost, and sustainable energy solutions through the safe and efficient development and operation of natural gas liquefaction and carbon capture and storage infrastructure. Through our subsidiaries, we are developing and constructing the Rio Grande LNG natural gas liquefaction and export facility near Brownsville, Texas, with approximately 48 MTPA of potential liquefaction capacity currently under construction or in development. We are also developing a potential carbon capture and storage project at the facility that is expected to make meaningful impacts toward a lower carbon future. NextDecade's common stock is listed on the Nasdaq Stock Market under the symbol 'NEXT.' NextDecade is headquartered in Houston, Texas. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words 'anticipate,' 'contemplate,' 'estimate,' 'expect,' 'project,' 'plan,' 'intend,' 'believe,' 'may,' 'might,' 'will,' 'would,' 'could,' 'should,' 'can have,' 'likely,' 'continue,' 'design,' 'assume,' 'budget,' 'guidance,' 'forecast,' and "target," and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in NextDecade's periodic reports that are filed with and available from the Securities and Exchange Commission. The taking of a final investment decision on Trains 4 and 5 at the Rio Grande LNG Facility is subject to, among other things, maintaining requisite governmental approvals, finalizing and entering into EPC contracts, entering into appropriate commercial arrangements, and obtaining adequate financing to construct each train and related infrastructure. Additionally, any development of additional expansion trains at the Rio Grande LNG Facility or CCS projects remains contingent upon receipt of requisite governmental approvals, execution of definitive commercial and financing agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
Yahoo
16-05-2025
- Yahoo
Brent Nears $65 on Renewed Trade Optimism
Oil prices climbed on optimism over eased U.S.-China trade tensions, with ICE Brent nearing $65 per barrel by week's end as fears of punishing tariffs faded. Donald Trump's comments on a potential Iran nuclear deal have been the defining bearish moment of this week, however inertia from the market's robust recovery last week, still riding high on the euphoria of not having debilitating tariffs on US imports to China, managed to lift ICE Brent around $65 per barrel towards the end of the week. With the Russia-Ukraine ceasefire negotiations dragging on, next week could see more of the same. OPEC Pins Hopes on Lower non-OPEC Supply. OPEC kept its 2025 oil demand growth forecast of 1.3 million b/d unchanged in its May monthly report, all the while trimming the outlook of non-OPEC supply growth to 800,000 b/d against the background of lower oil prices, cutting mostly US shale production. Saudi Aramco Unveils US Investment Bonanza. Saudi Aramco (TADAWUL:2222) announced 34 preliminary deals with US energy companies potentially worth $90 billion during President Trump's visit to Saudi Arabia, including multi-billion MOAs with LNG developer NextDecade and utility firm Sempra. Lower Demand Outlook Saps IEA's Ambition. Amidst weakening US electric vehicle sales (just 10% in 2024), the International Energy Agency downgraded its impact assessment of oil demand replacement coming from EVs to 5.4 million b/d by 2030, down from 6 million b/d from last year's forecast. EU to Slap Tariffs on Ukraine. According to the Financial Times, the European Commission is preparing to raise tariffs on Ukraine, seeking to end the regime of duty-free imports formalized after the Russia-Ukraine war started, with Central European countries taking issue with Kyiv's agricultural exports. Mexico Eyes More Crude for Domestic Use. PMI, the trading arm of Mexico's state oil company Pemex, has announced a decline in crude oil exports over the upcoming period as the long-delayed 340,000 b/d Dos Bocas refinery is finally able to receive crude and should take in some 100,000 b/d of Mexican oil. Traders Bet on Russia-Ukraine Ending Soon. As negotiators from Russia and Ukraine met in Istanbul this week, global trading house Mercuria Energy has reportedly built up a huge position in aluminium on the London Metal Exchange, expecting that sanctions relief vis-à-vis Moscow would tighten the market. Eni Found an Investor for Its Renewables Behemoth. Italy's oil major ENI (BIT:ENI) announced that it had entered exclusive talks with investment firm Ares Alternative Credit Management (NYSE:ARES) to sell a 20% stake in its renewables and retail unit Plenitude in a deal valued at more than $12 billion. Congo Holds the Keys to Cobalt Prices. With benchmark LME three-month cobalt prices rising to $33,700 per metric tonne lately, the Democratic Republic of Congo could push even higher as it considers imposing stricter export restrictions after the current four-month export ban ends in June. Western Majors Want to Keep Venezuelan Projects. US oil major Chevron (NYSE:CVX) and several European upstream companies participating in Venezuelan oil projects are currently in negotiations with the Trump administration to ensure they can keep their respective stakes in joint ventures with PDVSA. US Court Finds CFTC Behaviour Inexcusable. A New Jersey court found that the lawsuit filed by the Commodity Futures Trading Commission (CFTC) against trading firm My Forex Funds was unlawful and in bad faith, falsely claiming that its tax payments to Canadian authorities amounted to fraud. IEA Reiterates Its Oversupply Warnings. Doubling down on expectations of oversupply, the International Energy Agency (IEA) has lifted global supply growth this year to 1.6 million b/d, up almost 400,000 b/d from its previous forecast, arguing that expedited OPEC+ cuts will continue over 2025. Canadian Oil Sands Roiled by Hostile Takeover Bid. Canada's upstream firm Strathcona (TSE:SCR) is seeking to launch a $4.25 billion hostile takeover bid for peer oil sands producer MEG Energy (TSE:MEG), potentially making it the country's fifth-largest producer, following a direct offer dismissal from MEG's board. Denmark Mulls Lifting 40-Year Nuclear Ban. The government of Denmark is considering lifting its ban on nuclear power imposed back in 1985, following the pro-nuclear Swedes, with Energy Minister Lars Aagaard claiming that the country cannot have a power grid 'based on solar and wind alone'. Elliott Forces US Major to Divest Assets. Under pressure from activist investor Elliott Investment Management, US refining giant Phillips 66 (NYSE:PSX) agreed to sell a 65% stake in its German and Austrian retail fuel business to private equity firms EEP and Stonepeak for $2.8 billion. By Tom Kool for Read this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
