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Revealed by
Abi Larkin,
Editorial Assistant
LNG Business,
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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