NextDecade Corporation has announced the finalization of a significant 20-year liquefied natural gas $(LNG)$ sale and purchase agreement with ConocoPhillips. Under this deal, ConocoPhillips will purchase 1.0 million tons per annum (MTPA) of LNG from NextDecade's Rio Grande LNG Train 5, contingent upon a positive final investment decision $(FID)$ on the train. This agreement marks the completion of the commercialization of Train 5, with a total of 4.5 MTPA now sold under long-term contracts, paving the way for a potential positive FID in the fourth quarter of 2025. The transaction reflects a strategic move for both companies, with ConocoPhillips enhancing its LNG portfolio and NextDecade advancing its development plans.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextDecade Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250908030566) on September 08, 2025, and is solely responsible for the information contained therein.