NextDecade Strikes LNG Supply Deal with TotalEnergies for 1.5 Million Tonnes Annually
04.15.2025 By Tank Terminals - NEWS

April 15, 2025 [Reuters]- U.S. liquefied natural gas (LNG) producer NextDecade said on Monday it has signed a 20-year deal to supply France’s TotalEnergies with 1.5 million tonnes per annum (MTPA) from its Rio Grande facility’s planned fourth liquefaction facility, or train.

 

NextDecade has so far contracted a total of 4.6 MTPA of LNG from Train 4 on a long-term basis, most recently with a Saudi Aramco subsidiary, and expects existing long-term commercial agreements to be sufficient to support a favourable Final Investment Decision (FID).

The Rio Grande LNG export plant has suffered repeated delays and has been in development for years, with the first train expected to reach completion by 2027.

Deals for the fourth train are subject to NextDecade taking a positive final investment decision (FID) on the project.

TotalEnergies is an early investor in Rio Grande and the largest offtaker of U.S. LNG, exporting more than 10 million tonnes annually from several producers under long-term contracts. The French oil major plans to grow that position to more than 15 million tonnes by 2030 as the company pursues a dual strategy of investing in both natural gas and renewable energy.

Patrick Pouyanne, Total’s chairman and CEO, told Reuters in an exclusive interview in February that he hoped to further expand the U.S. LNG portfolio by helping Rio Grande add a fifth, sixth or seventh train over the next decade.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Northeast Asia Ships First Jet Fuel to Europe Since Iran War, Sources Say
05.22.2026 - NEWS
May 22, 2026 [Reuters]- Northeast Asia has shipped its first ​jet fuel cargo to Europe since th... Read More
Inpex Signs Agreements for Offtake from Abadi LNG Project
05.22.2026 - NEWS
May 22, 2026 [Yahoo Finance]- Japan’s Inpex has signed agreements in principle with multipl... Read More
ADNOC Warns Gulf Oil Disruptions Could Last Until 2027
05.22.2026 - NEWS
May 22, 2026 [Oil Price]- It still seems that oil markets are believing their own theories more t... Read More
Japan’s Crude Imports from Middle East Slump to Lowest on Record
05.22.2026 - NEWS
May 22, 2026 [Oil Price]- Japan in April imported the lowest volume of crude oil from the Middle ... Read More