©Health & Fitness Journal. FILE PHOTO: Liquefied natural gas (LNG) storage tanks are seen at ENN’s LNG import terminal in Zhoushan, Zhejiang province, China, 19 October 2018. REUTERS/Meng Meng
SINGAPORE (Health & Fitness Journal) – US-based liquefied natural gas (LNG) developer NextDecade (NASDAQ:) Corp said it will increase the volume of LNG supplies in a sale and purchase agreement signed with China’s ENN Natural Gas Co. Ltd. was signed.
Under the agreement, ENN will now purchase 2 million tonnes per year (mtpa) of LNG through a wholly owned subsidiary, ENN LNG (Singapore) Pte Ltd, an increase of 0.5 mtpa over the original agreement, NextDecade said in a statement on Tuesday .
All delivery volumes are from the first three trains of NextDecade’s Rio Grande LNG Export Project (RGLNG) in Brownsville, Texas on a free-on-board basis and will be allocated to the Henry Hub.
In early April, NextDecade announced it would supply 1.5 mtpa of LNG for a 20-year term to a unit of China’s ENN.
The US company added in its Tuesday statement that it is seeking a final investment decision (FID) for the first three trains of the RGLNG export project in Q1 2023, followed by FIDs of its remaining trains.
China was the world’s largest importer of LNG in 2021, shipping 78.8 million tons of the refrigerated fuel that year. According to China’s customs data, nearly 9 million tons, or 11% of total imports, came from the United States.