TotalEnergies inks 20-year LNG offtake deal with NextDecade
TotalEnergies has inked a 20-year offtake agreement for 1.5 million tonnes of liquefied natural gas (LNG) per annum from US-based NextDecade Corporation.
NextDecade will supply TotalEnergies Gas & Power North America, the French oil and gas firms’ US subsidiary, with LNG from the planned Train 4 of its Rio Grande LNG facility in Texas on a free-on-board basis.
The company originally expected to take final investment decision (FID) on the fourth train during the second half of 2024.
However, NextDecade Chairman and CEO, Matt Schatzman, said the TotalEnergies deal “completes the commercial support” for the development – taking contracted volumes up to 4.6 million tonnes per annum.
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