NextDecade Secures 20-Year LNG Sale Agreement with EQT for Rio Grande Train 5
Reuters
Sep 04, 2025
NextDecade Secures 20-Year LNG Sale Agreement with EQT for Rio Grande Train 5
NextDecade Corporation has announced a significant 20-year liquefied natural gas $(LNG)$ sale and purchase agreement with EQT Corporation. Under this agreement, EQT will purchase 1.5 million tonnes per annum of LNG from NextDecade's Rio Grande LNG Train 5 at a price indexed to Henry Hub. This contract is contingent upon NextDecade making a positive final investment decision on Train 5. The deal is part of NextDecade's efforts to commercialize Train 5, with plans to complete this process by the third quarter of 2025 and achieve a positive investment decision by the fourth quarter of the same year. The total cost for Train 5 and its infrastructure is projected to be approximately $6.7 billion. This agreement is a step towards enhancing global energy security, according to Matt Schatzman, NextDecade's Chairman and CEO.
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