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Related Articles
Momentum builds for Alaska LNG
Asian and European interest gathers pace as Trump throws his weight behind frontier state
Letter from the US: Energy needs require a rethink
Tariffs, AI, critical minerals and emerging markets all raise fundamental policy questions
EU faces tough task following Japan LNG model
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LNG faces promises and perils ahead
LNG has opportunities to expand in established markets and access new ones, but the sector’s outlook is also fraught with uncertainties, from political and regulatory difficulties to chokepoints, project delays and cost overruns, says the IGU
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EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
China’s critical gas position
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US shale closes the gap
Supply is gradually returning, but the market will remain tight into next year
The port of Brownsville
ExxonMobil US LNG
Simon Ferrie
28 July 2022
Follow @PetroleumEcon
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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

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Momentum builds for Alaska LNG
12 June 2025
Asian and European interest gathers pace as Trump throws his weight behind frontier state
Indonesia’s upstream picks up the pace
12 June 2025
The government is optimistic that increasing offshore activity and exploration will help revive flagging production, despite energy security fears
Letter from the US: Energy needs require a rethink
12 June 2025
Tariffs, AI, critical minerals and emerging markets all raise fundamental policy questions
Petroleum Economist: June 2025
12 June 2025
The June 2025 issue of Petroleum Economist is out now!

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