China Gas will purchase one million tonnes per annum of US LNG from NextDecade Corporation under a 20-year sales and purchase agreement (SPA) signed on Tuesday (5th July).
Signed by China Gas Hongda Energy Trading, a China Gas subsidiary, the deal will see LNG supplied from the second train of the Rio Grande LNG export project in Brownsville, Texas.
Commercial operation of the train is set to commence as early as 2027.
Matt Schatzman, Chairman and CEO of NextDecade, said, “We are pleased to announce the signing of this long-term SPA with China Gas, one of China’s largest natural gas distribution companies supplying approximately 43 million households across China.”
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