NextDecade to supply more LNG to China's ENN
NextDecade Corporation has agreed to supply more LNG to China’s ENN, it said on December 27.
The US-based LNG developer has announced a volume increase of the sale and purchase agreement (SPA) with ENN LNG for the supply of LNG from its Rio Grande LNG export project in Brownsville, Texas.
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ENN LNG is a wholly-owned subsidiary of ENN Natural Gas, which operates the first large-scale private LNG terminal in China at Zhousan.
Under the 20-year SPA, ENN will now purchase 2mn metric tons/year of LNG. This is a 0.5mn mt/yr increase from the original 1.5mn mt/yr SPA announced earlier this year.
All volumes of LNG are indexed to Henry Hub and will be supplied from the first three trains at the Rio Grande project on a free-on-board basis.
NextDecade is currently targeting a final investment decision on the first three trains of the Rio Grande export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.