Saudi Aramco has signed an MoU with US LNG developer NextDecade to offtake 1.2mn t/y from Rio Grande LNG’s planned fourth train. Volumes would be purchased for 20 years on a free on board basis, at a price indexed to the US Henry Hub gas benchmark. Negotiations are underway on a binding agreement, which would be subject to a positive FID on Train 4.
Abu Dhabi’s Adnoc recently invested in Rio Grande’s existing three trains and signed an offtake deal for 1.9mn t/y from Train 4. Adnoc also has the option to purchase an equity stake in Train 4 (MEES, 24 May). (CONTINUED - 162 WORDS)