Saudi Aramco has signed an MoU with US LNG developer NextDecade to offtake 1.2mn t/y from Rio Grande LNG’s deliberate fourth prepare. Volumes could be bought for 20 years on a free on board foundation, at a value listed to the US Henry Hub gasoline benchmark. Negotiations are underway on a binding settlement, which might be topic to a optimistic FID on Practice 4.
Abu Dhabi’s Adnoc not too long ago invested in Rio Grande’s present three trains and signed an offtake deal for 1.9mn t/y from Practice 4. Adnoc additionally has the choice to buy an fairness stake in Practice 4 (MEES, 24 Might). (CONTINUED – 162 WORDS)
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