Houston LNG co. inks Shell as first foundation customer for export facility

Houston-based NextDecade Corp. (Nasdaq: NEXT) has inked a long-term deal with a Royal Dutch Shell subsidiary for the supply of liquefied natural gas from a project planned in South Texas.

The 20-year deal is for 2 million tons of LNG per year from NextDecade’s Rio Grande LNG export project in Brownsville, according to a press release. Shell NA LNG LLC will buy the LNG on a free-on-board basis once the export facility begins operating, which currently is expected in 2023. 

About three-quarters…

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