TotalEnergies has entered into a framework agreement with NextDecade to participate in the development of the Rio Grande LNG (RGLNG) project in South Texas (United States). The agreement states that TotalEnergies will have a 16.7% interest in the project's first phase, which includes three liquefaction trains with a total capacity of 17.5 Mt/year. Additionally, TotalEnergies will offtake 5.4 Mt/year of LNG from the first phase for a period of 20 years. TotalEnergies will also acquire a 17.5% interest in NextDecade in three tranches for a total amount of US$219m. Furthermore, the company will have the option to participate in future project phases and in a carbon capture and storage CCS) project. The first phase of the RGLNG project, led by NextDecade and Global Infrastructure Partners (GIP), is expected to receive final investment decision (FID) soon and begin operations in 2027.
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.