NextDecade Finalizes Train 5 Commercialization With 20-Year LNG Deal To ConocoPhillips; Final Investment Decision Expected In Q4 2025
Benzinga Newsdesk 1 year ago
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Train 5 commercialization now complete, positive final investment decision expected in fourth quarter 2025NextDecade Corporation (NextDecade or the Company) (NASDAQ:NEXT) announced today that it has executed a 20-year
Train 5 commercialization now complete, positive final investment decision expected in fourth quarter 2025
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 ConocoPhillips (NYSE:COP) for offtake from Rio Grande LNG Train 5.
ConocoPhillips will purchase 1.0 MTPA of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, subject to NextDecade making a positive final investment decision (FID) on Train 5.