NextDecade (NEXT) and Saudi Aramco Sign 20-Year LNG Agreement

NextDecade Corporation (NEXT) and Saudi Aramco have inked a non-binding Heads of Agreement (HOA) for a 20-year liquefied natural gas sale and purchase agreement. Per the terms of the agreement, Aramco will purchase 1.2 million tons per annum (MTPA) of LNG from Train 4 of NextDecade's Rio Grande LNG project on a free-on-board basis. The price of the LNG is indexed to Henry Hub. Both companies are actively engaged in negotiating a binding agreement. The deal is contingent upon NextDecade securing a final inve ...