NextDecade Finalizes 20-Year LNG Contract with ConocoPhillips for Rio Grande Train 5
Reuters
Sep 09, 2025
NextDecade Finalizes 20-Year LNG Contract with ConocoPhillips for Rio Grande Train 5
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.
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