ENN buying more LNG from NextDecade’s Rio Grande project
Chinese energy company ENN LNG has decided to purchase additional volumes of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
Earlier this year, the companies signed a 20-year sale and purchase agreement under which Enn committed to buying 1.5 million metric tonnes per annum (mtpa) of LNG.
Now, ENN will purchase 2.0 mtpa of LNG, an increase of 0.5 mtpa from the original volume.
All volumes of LNG are indexed to Henry Hub and will be supplied from the first three trains at Rio Grande LNG on a free-on-board basis.
NextDecade said it is currently targeting a positive final investment decision (FID) on the first three trains of the export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.
Just recently, the US company entered into a 20-year sale and purchase agreement with Portuguese energy company Galp for the purchase of 1.0 mtpa of LNG.
This year, NextDecade also secured several LNG sale and purchase agreements for its Rio Grande project, including those with ExxonMobil, Guangdong Energy, and China Gas.