TotalEnergies inks 20-year LNG offtake deal with NextDecade

TotalEnergies has inked a 20-year offtake agreement for 1.5 million tonnes of liquefied natural gas (LNG) per annum from US-based NextDecade Corporation.

NextDecade will supply TotalEnergies Gas & Power North America, the French oil and gas firms’ US subsidiary, with LNG from the planned Train 4 of its Rio Grande LNG facility in Texas on a free-on-board basis.

The company originally expected to take final investment decision (FID) on the fourth train during the .

However, NextDecade Chairman and CEO, Matt Schatzman, said the TotalEnergies deal “completes the commercial support” for the development – taking contracted volumes up to 4.6 million tonnes per annum.