NextDecade increases the supply volume of LNG as part of a deal with ENN from China

American company Next Decade Corp, engaged in LNG production, announced an increase in supply of fuel under the sale and purchase agreement. This agreement was entered into with ENN Natural Gas Co. Ltd from China.

Under the contract, ENN will acquire 2 million tons of LNG per year via ENN's subsidiary company LNG (Singapore) Pte Ltd. On Tuesday, NextDecade said that this amount is 0.5 million tons per year more than originally indicated.

The supplies will be effectuated via the first three LNG trains related to the NextDecade project. This project deals with LNG export in the Rio Grande (RGLNG). The place of shipment is situated in Brownsville, Texas. The raw material costs will depend on the Henry Hub price.

On Tuesday, the US company announced a final investment decision (FID) to be made. It will be related to the first three LNG trains of the RGLNG project. The decision will be made in the first quarter of 2023.