Saudi Aramco signs 20-year LNG supply deal with NextDecade [Yahoo! Finance]
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NextDecade Corporation (NEXT)
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next-decade.com/investors
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Source: Yahoo! Finance
This deal will involve NextDecade supplying LNG from its proposed train 4 at the Rio Grande LNG Facility, located at the Port of Brownsville in the US state of Texas. Under the terms of the agreement, Saudi Aramco will purchase 1.2 million tonnes per annum (mtpa) of LNG on a free-on-board basis. The pricing will be indexed to the Henry Hub, a benchmark for natural gas prices in North America. Both companies are actively negotiating a binding agreement, which will be contingent upon a positive final investment decision on train 4 of the Rio Grande facility. Aramco upstream president Nasir Al-Naimi said: "We look forward to finalising 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 for secure and efficient energy.” NextDecade chairman and CEO Matt Schatzman said: “We are pleased to have reached a heads of agre
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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
- 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]Yahoo! Finance
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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