NasdaqCM:NEXTOil and Gas
Do NextDecade’s (NEXT) New LNG Offtake Deals Mark a Turning Point for Rio Grande’s Future?
In recent days, ConocoPhillips and EQT Corporation each announced long-term agreements to purchase 1 million and 1.5 million tonnes per annum of LNG respectively from NextDecade’s Rio Grande LNG Train 5, with both deals contingent on a positive final investment decision and covering 20-year terms.
This wave of agreements signals NextDecade’s substantive progress on commercializing its LNG infrastructure, underscored by its extension of engineering contract price validity and visibility at...