NextDecade and Itochu sign LNG purchase deal

Energy firm NextDecade Corporation has signed a 15-year sale and purchase agreement with Japan’s Itochu Corporation for the supply of one million tonnes per annum of LNG.

NextDecade will supply Itochu Corporation, its first Japanese customer, with LNG from its Rio Grande LNG export project in Brownsville, Texas.

Matt Schatzman, Chairman and CEO of NextDecade, said the company is actively working to reduce the footprint of the Rio Grande LNG facility with carbon capture technology.

Rio Grande LNG is said to be the first and only US LNG project offering CO2 emissions reduction of more than 90% via carbon capture and storage – capturing and permanently storing more than five million metric tonnes of CO2 per year.

NextDecade is targeting a positive final investment decision on the first three trains of the Rio Grande LNG export project during the first quarter of this year.

At full scale, Rio Grande LNG will be capable of producing 27 million metric tonnes of low carbon intensive LNG for export to markets around the world.

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