TotalEnergies strengthens LNG position with NextDecade partnership.
Originally Published 2 years ago — by Yahoo Finance
NextDecade has signed framework agreements with Global Infrastructure Partners and TotalEnergies to enable the final investment decision for the Rio Grande LNG project Trains 1, 2 and 3 and to provide momentum for the further development of RGLNG Train 4 and Train 5. GIP would become a majority investor in Phase 1, and TotalEnergies would become a 16.67% investor, both subject to execution of definitive documentation and FID. TotalEnergies has also agreed to purchase 5.4 million tonnes per annum of LNG from Phase 1 for 20 years on a free on board basis indexed to Henry Hub and has options to purchase LNG from Train 4 and Train 5.