NextDecade executes LNG sale, purchase agreement with Galp Trading

NextDecade announced the execution of a sale and purchase agreement, or SPA, with Galp Trading for the long-term supply of liquefied natural gas, or LNG, from NextDecade’s Rio Grande LNG, or RGLNG, export project in Brownsville, Texas. Under the 20-year SPA, Galp will purchase 1 tons per annum, or MTPA, of LNG indexed to Henry Hub on a free-on-board basis. NextDecade is currently targeting a positive Final Investment Decision, or FID, on the first three trains of the RGLNG export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.