Aramco and NextDecade sign a 20-year LNG offtake deal for 1.2MTPA from the Rio Grande LNG facility in Texas.
Aramco and NextDecade sign Heads of Agreement for 1.2MTPA long-term LNG offtake from Rio Grande LNG Facility in Texas. Saudi Aramco expects to purchase 1.2MTPA of LNG for 20 years on a free on board basis at a price indexed to Henry Hub. The deal is part of Aramco's efforts to expand its presence in international energy markets and aligns with the projected 50% global growth in LNG by 2030, particularly in the US.
June 13, 2024
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