NextDecade, EQT Seal 20-Year Rio Grande LNG SPA

NextDecade, EQT seal 20-year Rio Grande LNG SPA

Under the sales and purchase agreement, EQT will purchase 1.5 million tonnes per annum (mtpa) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, according to statements by NextDecade and EQT. The deal remains subject to NextDecade making a positive final investment decision (FID) on Train 5. This new SPA comes just a week after EQT signed a long-term deal with compatriot LNG exporter Sempra Infrastructure, a unit of Se…

EQT Announces Deal to *Buy* LNG from Rio Grande LNG Train 5 - Marcellus Drilling News

Last week, we told you that EQT Corporation announced it had contracted with Sempra’s Port Arthur LNG Phase 2 project in Jefferson County, Texas, to buy 2 million tonnes per annum (MTPA) of LNG from the facility for a 20-year term (see EQT Announces Deal to *Buy* LNG from Sempra’s Port Arthur LNG). We also...