NextDecade Corp. and Energy Transfer LP separately on Monday clinched more sales and purchase agreements (SPA) for their respective liquefied natural gas (LNG) export projects proposed for South Texas and Louisiana.
France’s Engie SA negotiated a 15-year, 1.75 million metric ton/year (mmty) SPA with Houston-based NextDecade for gas from Rio Grande in Brownsville, TX. Engie could receive gas on a free-on-board (FOB) basis from the first two trains of the proposed 27 mmty project. Each of the proposed five trains is expected to have 5.87 mmty of capacity.
The first train could begin producing commercial LNG in 2026 if the project is sanctioned by the end of June, NextDecade management said. No final investment decision (FID) has yet been made.
CEO Matt Schatzman said the...