- NextDecade Corporation announced the execution of a 20-year LNG sale and purchase agreement with a subsidiary of Aramco. - The agreement involves the purchase of 1.2 million tonnes per annum of LNG from Train 4 at the Rio Grande LNG Facility. - The price of the LNG is indexed to Henry Hub and is subject to a positive Final Investment Decision on Train 4. - NextDecade's Chairman and CEO, Matt Schatzman, expressed enthusiasm about Aramco being a customer. - A positive FID on Train 4 depends on entering appropriate commercial arrangements and securing financing for construction. - NextDecade is focused on providing access to reliable, lower carbon energy through the development of LNG and carbon capture infrastructure. - The company is developing the Rio Grande LNG facility near Brownsville, Texas, with approximately 48 MTPA of potential capacity. - NextDecade is also exploring a potential carbon capture project at the facility to support a lower carbon future. - NextDecade's stock is traded on the Nasdaq Stock Market under the symbol “NEXT.” - The company's headquarters is located in Houston, Texas.

NextDecade and Aramco Execute 1.2 MTPA LNG Sale and Purchase Agreement from Rio Grande LNG Train 4:


Apr 8, 2025 8:00 AM Eastern Daylight Time

HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of Aramco for offtake from Train 4 at the Rio Grande LNG Facility.

Under the terms of the SPA, the Aramco subsidiary will purchase 1.2 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis, at a price indexed to Henry Hub, subject to a positive Final Investment Decision (FID) on Train 4.

“We are extremely pleased to have Aramco as a customer in Rio Grande LNG Train 4,” said Matt Schatzman, NextDecade Chairman and Chief Executive Officer. “The Rio Grande LNG Facility continues to attract outstanding LNG customers, which we believe is a testament to the quality of our project.”

Achieving a positive FID on Train 4 will be subject to, among other things, entering into appropriate commercial arrangements, and obtaining adequate financing to construct Train 4 and related infrastructure.

About NextDecade Corporation

NextDecade is committed to providing the world access to reliable, lower carbon energy. We are focused on delivering secure, low-cost, and sustainable energy solutions through the safe and efficient development and operation of natural gas liquefaction and carbon capture and storage infrastructure. Through our subsidiaries, we are developing and constructing the Rio Grande LNG natural gas liquefaction and export facility near Brownsville, Texas, with approximately 48 MTPA of potential liquefaction capacity currently under construction or in development. We are also developing a potential carbon capture and storage project at the facility that is expected to make meaningful impacts toward a lower carbon future. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design,” “assume,” “budget,” “guidance,” “forecast,” and "target," and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in NextDecade’s periodic reports that are filed with and available from the Securities and Exchange Commission. The taking of a final investment decision on Trains 4 and 5 at the Rio Grande LNG Facility is subject to, among other things, maintaining requisite governmental approvals, finalizing and entering into EPC contracts, entering into appropriate commercial arrangements, and obtaining adequate financing to construct each train and related infrastructure. Additionally, any development of additional expansion trains at the Rio Grande LNG Facility or CCS projects remains contingent upon receipt of requisite governmental approvals, execution of definitive commercial and financing agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.


Contacts

Investors
Megan Light
mlight@next-decade.com
832-981-6583

Media
Susan Richardson
srichardson@next-decade.com
832-413-6400