NextDecade announces 1.5 MTPA LNG sale and purchase agreement with EQT

NextDecade (NEXT) announced that it has executed a 20-year liquefied natural gas sale and purchase agreement with EQT Corporation (EQT) for offtake from Rio Grande LNG Train 5. EQT will purchase 1.5 million tonnes per annum of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, subject to NextDecade making a positive final investment decision on Train 5. NextDecade has also extended the price validity period under its lump-sum turnkey engineering, procurement, and construction contract with Bechtel Energy Inc. for Train 5 until November 15, 2025. The total costs for Rio Grande LNG Train 5 and related infrastructure are expected to be approximately $6.7 billion.