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Another US LNG Supply Deal as NextDecade Sign 1mtpa to Itochu

LNG

NextDecade have signed an LNG agreement to supply Itochu with 1m tons/year from the Rio Grande export facility in Texas for 15 years.

  • NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas will be capable of producing 27mtpa of low carbon intensive LNG.
  • Final investment decision on the first three trains is expected in Q1 2023 with commercial deliveries expected to start in 2027.
  • US LNG projects have recently agreed many sales agreements as projects approach final investment decisions. Last month NextDecade agreed an extension of LNG supply volumes with China’s ENN and Japan’s Inpex agreed to buy 1mtpa from Venture Global for 20 years.
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