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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

Also in this section
Europe’s gas security strategy may not be 2024 ready
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
Letter from India: Prosperity and sustainability make uneasy bedfellows
Opinion
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
Letter from Pakistan: More oil and gas needed, not less
Opinion
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
LNG freight must navigate chokepoints and bottlenecks
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges

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