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NextDecade Company (NextDecade) (NASDAQ: NEXT) introduced immediately a quantity improve of the sale and buy settlement (SPA) with ENN LNG (Singapore) Pte Ltd (ENN), a wholly-owned subsidiary of ENN Pure Gasoline Co., Ltd. for the availability of liquefied pure fuel (LNG) from NextDecade’s Rio Grande LNG export mission (RGLNG) in Brownsville, Texas.
Beneath the 20-year SPA, ENN will now buy 2.0 million tonnes every year (MTPA) of LNG. This can be a 0.5 MTPA improve from the unique 1.5 MTPA SPA introduced earlier this 12 months. All volumes of LNG are listed to Henry Hub and might be equipped from the primary three trains at RGLNG on a free-on-board foundation.
NextDecade is at present focusing on a constructive Closing Funding Choice (FID) on the primary three trains of the RGLNG export mission through the first quarter of 2023, with FIDs of its remaining trains to observe thereafter.
About NextDecade Company
NextDecade Company is an vitality firm accelerating the trail to a net-zero future. Main innovation in additional sustainable LNG and carbon seize options, NextDecade is dedicated to offering the world entry to cleaner vitality. By way of our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Options, we’re growing a 27 MTPA LNG export facility in South Texas together with one of many largest carbon seize and storage initiatives in North America. We’re additionally working with third-party prospects world wide to deploy our proprietary processes to decrease the price of carbon seize and storage and cut back CO2 emissions at their industrial-scale services. NextDecade’s widespread inventory is listed on the Nasdaq Inventory Market beneath the image “NEXT.” NextDecade is headquartered in Houston, Texas. For extra info, please go to www.next-decade.com.
Ahead-Trying Statements
This press launch accommodates forward-looking statements inside the which means of U.S. federal securities legal guidelines. The phrases “anticipate,” “ponder,” “estimate,” “count on,” “mission,” “plan,” “intend,” “consider,” “could,” “may,” “will,” “would,” “may,” “ought to,” “can have,” “probably,” “proceed,” “design,” “assume,” “finances,” “steerage,” and “forecast” and different phrases and phrases of comparable expressions are supposed to establish forward-looking statements, and these statements could relate to the enterprise of NextDecade and its subsidiaries. These statements have been primarily based on assumptions and evaluation made by NextDecade in gentle of present expectations, perceptions of historic traits, present situations and projections about future occasions and traits and contain a lot of identified and unknown dangers, which can trigger precise outcomes to vary materially from expectations expressed or implied within the forward-looking statements. These dangers embrace NextDecade’s progress within the growth of its LNG liquefaction and export initiatives and CCS initiatives and the timing of that progress; the timing of attaining a last funding resolution on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to efficiently full the Terminal, the pipeline to produce fuel to the Terminal and any CCS initiatives; capability to develop NCS’ enterprise although implementation of CCS initiatives; capability to safe extra debt and fairness financing sooner or later to finish the Terminal and CCS initiatives on commercially acceptable phrases; accuracy of estimated prices for the Terminal and CCS initiatives; capability to attain operational traits of the Terminal and CCS initiatives, when accomplished, together with liquefaction capacities and quantity of CO2 captured and saved, and any variations in such operational traits from expectations; growth dangers, operational hazards and regulatory approvals relevant to NextDecade’s growth, building and operation actions and people of its third-party contractors and counterparties; technological innovation which can reduce NextDecade’s anticipated aggressive benefit or demand for its choices; international demand for and worth of LNG; availability of LNG vessels worldwide; modifications in laws and laws referring to the LNG and CCS industries, together with environmental legal guidelines and laws that impose important compliance prices and liabilities; scope of implementation of carbon pricing regimes geared toward decreasing greenhouse fuel emissions; international growth and maturation of emissions discount credit score markets; adversarial modifications to current or proposed carbon tax incentive regimes; international pandemics, together with the 2019 novel coronavirus pandemic, the Russia-Ukraine battle, different sources of volatility within the vitality markets and their influence on NextDecade’s enterprise and working outcomes, together with any disruptions in its operations or growth of the Terminal and the well being and security of its workers, and on its prospects, the worldwide financial system and the demand for LNG; dangers associated to doing enterprise in and having counterparties in international international locations; NextDecade’s capability to keep up the itemizing of our securities on the Nasdaq Capital Market or one other securities trade or citation medium; modifications adversely affecting the companies through which NextDecade is engaged; administration of development; basic financial situations; capability to generate money; and the results of future financing efforts and functions for customary tax incentives; and different issues mentioned within the “Threat Elements” part of NextDecade’s most up-to-date Annual Report on Kind 10-Ok and subsequent experiences filed with the Securities and Trade Fee. Moreover, any growth of the Terminal or CCS initiatives stays contingent upon finishing required industrial agreements, securing all financing commitments and potential tax incentives, attaining different customary situations and making a last funding resolution to proceed. The forward-looking statements on this press launch converse as of the date of this launch. Though NextDecade believes that the expectations mirrored in these forward-looking statements are affordable, it can provide no assurance that the expectations will show to be right. NextDecade could on occasion voluntarily replace its prior forward-looking statements, nonetheless, it disclaims any dedication to take action besides as required by securities legal guidelines.
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