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Home News

NextDecade and Galp execute 1 million tpy sale and buy settlement

by manusohal
December 21, 2022
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NextDecade and Galp execute 1 million tpy sale and buy settlement
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Revealed by
Abi Larkin,
Editorial Assistant




LNG Business,
Wednesday, 21 December 2022 10:00






NextDecade Company (NextDecade) has introduced the execution of a sale and buy settlement (SPA) with Galp Buying and selling S.A. (Galp) for the long-term provide of LNG from NextDecade’s Rio Grande LNG (RGLNG) export venture in Brownsville, Texas, the US.

Beneath the 20-year SPA, Galp will buy 1 million tpy of LNG listed to Henry Hub on a FOB foundation.

“We’re honoured to have Galp, certainly one of Portugal’s largest vitality firms and a key participant within the Iberian Peninsula, as our buyer,” stated Matt Schatzman, NextDecade’s Chairman and Chief Government Officer. “We look ahead to serving to Galp, in addition to different European firms and their prospects, meet their vitality wants by providing a lower-cost, dependable supply of LNG with decrease carbon-intensity.”

NextDecade is at present concentrating on a optimistic closing funding determination (FID) on the primary three trains of the RGLNG export venture throughout 1Q23, with FIDs of its remaining trains to comply with thereafter.

Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/21122022/nextdecade-and-galp-execute-1-million-tpy-sale-and-purchase-agreement/


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Wednesday 21 December 2022 14:45

Mammoet has been awarded the chance to supply an adjustable tremendous bridge as levee crossing for the transport of modules for Plaquemines LNG venture in Plaquemines Parish, Louisiana, the US.



 








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