Latest news with #NextDecade
Business Journals
29-05-2025
- Business
- 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.
CNA
29-05-2025
- Business
- CNA
NextDecade, Japan's JERA sign 20-year LNG supply deal
U.S. liquefied natural gas producer NextDecade said on Thursday it has signed a 20-year deal to supply Japan's biggest power generator JERA with 2 million tonnes per annum (mtpa) of LNG from its Rio Grande project's fifth liquefaction facility. Shares of NextDecade were up 5.2 per cent at $8.08 in premarket trading. The United States is the world's largest exporter of LNG and had shipped 11.9 billion cubic feet per day of the supercooled fuel in 2024 and has gained further momentum following President Donald Trump's lifting in January of a moratorium on new export permits. NextDecade's deal with JERA is subject to a positive Final Investment Decision (FID) on the planned fifth liquefaction facility, or train. LNG developers typically take FIDs on projects when they have lined up enough supply deals to obtain the financing needed to build. NextDecade has been signing multiple LNG deals from the Brownsville, Texas facility, which is under construction and has a potential capacity of about 48 mtpa, to strengthen its position in the international market. The LNG producer has signed agreements with top oil producer Saudi Aramco and TotalEnergies to supply the superchilled gas, from the fourth liquefaction facility of the project, for 20 years. Last year, Abu Dhabi National Oil Company (ADNOC) said it had acquired a 11.7 per cent stake in phase 1 of NextDecade's LNG project, which included the first three liquefaction trains and agreed to a 20-year supply deal for the fourth train.
Reuters
29-05-2025
- Business
- Reuters
NextDecade, Japan's JERA sign 20-year LNG supply deal
May 29 (Reuters) - U.S. liquefied natural gas producer NextDecade (NEXT.O), opens new tab said on Thursday it has signed a 20-year deal to supply Japan's biggest power generator JERA with 2 million tonnes per annum (mtpa) of LNG from its Rio Grande project's fifth liquefaction facility. Shares of NextDecade were up 5.2% at $8.08 in premarket trading. The United States is the world's largest exporter of LNG and had shipped 11.9 billion cubic feet per day of the supercooled fuel in 2024 and has gained further momentum following President Donald Trump's lifting in January of a moratorium on new export permits. NextDecade's deal with JERA is subject to a positive Final Investment Decision (FID) on the planned fifth liquefaction facility, or train. LNG developers typically take FIDs on projects when they have lined up enough supply deals to obtain the financing needed to build. NextDecade has been signing multiple LNG deals from the Brownsville, Texas facility, which is under construction and has a potential capacity of about 48 mtpa, to strengthen its position in the international market. The LNG producer has signed agreements with top oil producer Saudi Aramco ( opens new tab and TotalEnergies ( opens new tab to supply the superchilled gas, from the fourth liquefaction facility of the project, for 20 years. Last year, Abu Dhabi National Oil Company (ADNOC) said it had acquired a 11.7% stake in phase 1 of NextDecade's LNG project, which included the first three liquefaction trains and agreed to a 20-year supply deal for the fourth train.
Business Wire
29-05-2025
- Business
- 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.
Reuters
23-05-2025
- Business
- Reuters
US regulators greenlights construction of Venture Global CP2 LNG plant in Louisiana
HOUSTON, May 23 (Reuters) - U.S. regulators have given Venture Global (VG.N), opens new tab permission to proceed with construction of its CP2 LNG plant in Louisiana, a FERC document showed on Friday. If constructed, CP2 will be the single largest LNG export facility in the U.S. and help the country remain the world's largest exporter of the superchilled gas. It also could make Venture Global the largest U.S. LNG company. The decision follows a final environmental study that shows the 28 million metric tons per annum plant is in the public interest. Venture Global had obtained approval to construct the plant, but after a court ruling, FERC conducted an additional environmental review of the impact on air quality. The study concluded that the project should be allowed to continue. "Neither the presumptive stay ...nor the Commission's regulations barring construction for a limited period pending rehearing will apply upon issuance of this order," federal regulators said. Venture Global did not immediately respond to a request for comment. The additional review followed an August 2024 decision from the U.S. Court of Appeals for the District of Columbia Circuit that quashed FERC approval of rival LNG exporter NextDecade's (NEXT.O), opens new tab plant at the Port of Brownsville, Texas. In light of the court ruling, FERC decided to review the CP2 project's impact on air quality. CP2 has been at the center of a fight between the energy sector and environmentalists seeking to limit future LNG projects on the U.S. Gulf Coast.
