The port of Brownsville
ExxonMobil signs up for LNG from Next Decade
The deal continues the trend of developers making long-term agreements to start in the second half of this decade and is another milestone for the Rio Grande project
ExxonMobil has signed a 20-year SPA with Nasdaq-listed producer Next Decade to buy 1mn t/yr of LNG, with the gas to be supplied from the first two trains of the Rio Grande liquefaction project in Brownsville, Texas. Next Decade expects the first train of Rio Grande to begin commercial operations “as early as 2026”. The company anticipates making “a positive FID on up to three trains” at the project in the second half of this year, “assuming the achievement of further LNG contracting and financing”, the company says. FIDs on the development’s two other trains will “follow thereafter”, the company adds. Rio Grande is planned as a 27mn t/yr facility, and Next Decade has already secured SPAs wor
Also in this section
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
