Aramco Seals 20-Year Deal for Texas LNG, Bolstering Energy Ties with NextDecade
Portfolio Pulse from Benzinga Newsdesk
Aramco and NextDecade Corporation have signed a non-binding Heads of Agreement for a 20-year LNG sale and purchase agreement. Aramco will purchase 1.2 million tonnes per annum of LNG from Train 4 at the Rio Grande LNG Facility in Texas, pending a positive Final Investment Decision.
June 13, 2024 | 10:02 am
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NextDecade Corporation has signed a non-binding Heads of Agreement with Aramco for a 20-year LNG sale and purchase agreement. This deal could significantly boost NextDecade's revenue and market position, pending a positive Final Investment Decision on Train 4.
The agreement with Aramco, a major player in the energy sector, could lead to a significant long-term revenue stream for NextDecade. The deal's finalization is contingent on a positive Final Investment Decision on Train 4, making it a potentially transformative event for the company.
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