Clean energy company NextDecade will supply Galp Trading with liquified natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas, under a new deal signed today (20th Dec).
The 20-year sales and purchase agreement will see one million tonnes of US LNG supplied to Galp annually.
Matt Schatzman, Chairman and CEO of NextDecade, said, “We look forward to helping Galp, as well as other European companies and their customers, meet their energy needs by offering a lower-cost, reliable source of LNG with lower carbon-intensity.”
NextDecade is currently targeting a positive Final Investment Decision (FID) on the first three trains of the Rio Grande LNG export project during the first quarter of 2023.
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