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Galp Agree 20 Year Deal for 1mtpa with NextDecade

LNG

Galp has signed a 20-year sale and purchase agreement with NextDecade Corporation for 1mtpa of US LNG according to a regulatory filing.

  • The volumes will be indexed to Henry Hub on a FOB basis plus a fixed liquefaction fee
  • “This agreement enhances Galp’s access to competitive U.S. LNG volumes, supplementing supplies from Venture Global, which are due to start during 2023,” Galp said
  • The company added that the deal also adds more flexibility and geographic diversity to Galp’s sourcing portfolio.
  • NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas will be capable of producing 27mtpa of low carbon intensive LNG. Commercial deliveries are expected to start in 2027.
USEnergy BulletsCommodities
USEnergy BulletsCommodities

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