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    NextDecade to supply more LNG to China's ENN

Summary

ENN will now purchase 2mn metric tons/year of LNG instead of the 1.5mn mt/yr SPA announced earlier this year.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Americas, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, News By Country, China, United States

NextDecade to supply more LNG to China's ENN

NextDecade Corporation has agreed to supply more LNG to China’s ENN, it said on December 27.

The US-based LNG developer has announced a volume increase of the sale and purchase agreement (SPA) with ENN LNG for the supply of LNG from its Rio Grande LNG export project in Brownsville, Texas.

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S&P 2023

ENN LNG is a wholly-owned subsidiary of ENN Natural Gas, which operates the first large-scale private LNG terminal in China at Zhousan.

Under the 20-year SPA, ENN will now purchase 2mn metric tons/year of LNG. This is a 0.5mn mt/yr increase from the original 1.5mn mt/yr SPA announced earlier this year.

All volumes of LNG are indexed to Henry Hub and will be supplied from the first three trains at the Rio Grande project on a free-on-board basis.

NextDecade is currently targeting a final investment decision on the first three trains of the Rio Grande export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.