ENN To Buy US LNG From NextDecade

Credits: Katherine McCormack/Unsplash

NextDecade has agreed to supply more liquefied natural gas to Chinese independent gas distributor ENN as part of a new deal  says an aticle published on LNG Prime.

Sales and purchase deal

Under the 20-year sales and purchase deal, ENN LNG (Singapore), a wholly-owned unit of ENN Natural Gas, will now buy 2 million tonnes per annum (mtpa) of LNG, according to a statement by NextDecade.

This is a 0.5 mtpa increase from the original 1.5 mtpa SPA announced earlier this year.

First three trains

All volumes of LNG are indexed to Henry Hub and would be supplied from the first three trains at Rio Grande LNG on a free-on-board basis.

FID in Q1 2023

NextDecade confirmed it is currently targeting a positive final investment decision (FID) on the first three trains of the LNG export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.

It previously planned to take the decision by the end of this year.

Early construction

NextDecade and compatriot engineering and construction giant Bechtel are moving forward with early construction works to prepare the Rio Grande site located in the Port of Brownsville, Texas.

The full Rio Grande project would include five trains with a capacity of 27 mtpa.

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Source: LNG Prime