NextDecade Corporation has announced a 20-year liquefied natural gas $(LNG)$ sale and purchase agreement with JERA, Japan's largest power generator. The agreement includes the purchase of 2.0 million tonnes per annum (MTPA) of LNG from Train 5 at the Rio Grande LNG Facility, with pricing indexed to Henry Hub. This deal is contingent upon a positive Final Investment Decision $(FID.AU)$ for Train 5, which requires establishing suitable commercial arrangements, securing an engineering, procurement, and construction agreement, and obtaining necessary financing. NextDecade's CEO, Matt Schatzman, highlighted the strong commercial momentum for Rio Grande LNG, indicating progress toward the Train 5 investment decision.
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