Aramco and NextDecade Announce Heads of Agreement for the 1.2 MTPA Long-Term Offtake of LNG from the Rio Grande LNG Facility [Yahoo! Finance]
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NextDecade Corporation (NEXT)
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Source: Yahoo! Finance
NextDecade Corporation (NextDecade) (Nasdaq: NEXT) announced today that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA. Under the terms of the HoA, Aramco expects to purchase 1.2 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis, at a price indexed to Henry Hub. Aramco and NextDecade are currently in the process of negotiating a binding agreement, and once executed, the effectiveness of which will be subject to a positive Final Investment Decision on Train 4. Nasir K. Al-Naimi, Aramco Upstream President, said: "We look forward to finalizing the terms of a long-term LNG offtake agreement with NextDecade, as we explore opportunities to expand our presence in international energy markets. We expect LNG to play an important role in meeting the rising demand
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News
- Institutional owners may take dramatic actions as NextDecade Corporation's (NASDAQ:NEXT) recent 4.7% drop adds to one-year losses [Yahoo! Finance]Yahoo! Finance
- Why aren't investors piling in to build new LNG projects? [Yahoo! Finance]Yahoo! Finance
- NextDecade: Positive Developments Seem Priced In [Seeking Alpha]Seeking Alpha
- NextDecade (NEXT) and Saudi Aramco Sign 20-Year LNG Agreement [Yahoo! Finance]Yahoo! Finance
- Saudi Aramco signs 20-year LNG supply deal with NextDecade [Yahoo! Finance]Yahoo! Finance
NEXT
Earnings
- 5/9/24 - Beat
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Sec Filings
- 6/17/24 - Form SC
- 6/17/24 - Form SC
- 6/3/24 - Form 8-K
- NEXT's page on the SEC website