BROWNSVILLE, Texas (ValleyCentral) — The NextDecade Company may announce its last funding resolution relating to its Rio Grande LNG export challenge within the early months of 2023.
“NextDecade is at present focusing on a constructive Ultimate Funding Resolution (FID) on the primary three trains of the RGLNG export challenge throughout the first quarter of 2023, with FIDs of its remaining trains to observe thereafter,” the corporate introduced Tuesday in Houston.
That got here as NextDecade instructed buyers they secured an expanded cope with Singapore-based ENN LNG, to extend the quantity of exported liquified pure fuel that NextDecade would provide to ENN from its deliberate Rio Grande LNG export challenge on the Port of Brownsville.
“Beneath the 20-year [sale and purchase agreement], ENN will now buy 2.0 million tonnes every year (MTPA) of LNG,” NextDecade acknowledged. “This can be a 0.5 MTPA improve from the unique 1.5 MTPA SPA introduced earlier this yr. All volumes of LNG are listed to Henry Hub and shall be provided from the primary three trains at RGLNG on a free-on-board foundation.”