NextDecade, ConocoPhillips Seal 20-Year Rio Grande LNG SPA

NextDecade, ConocoPhillips seal 20-year Rio Grande LNG SPA

Under the sales and purchase agreement, ConocoPhillips will purchase 1 million tonnes per annum (mtpa) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, according to statements by NextDecade and ConocoPhillips. The deal remains subject to NextDecade making a positive final investment decision (FID) on Train 5. This deal adds to ConocoPhillips’s Gulf Coast LNG supply. Most recently, the company announced a long-term of…

Rio Grande LNG Cuts Deal with ConocoPhillips, FID Comes Next - Marcellus Drilling News

We have a second “producer does a deal to buy (not sell) LNG” story today. ConocoPhillips, a huge oil-focused driller, announced a deal to buy 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Rio Grande LNG project. How does this news tie into the Marcellus/Utica? It doesn’t do so directly,...

ConocoPhillips to procure LNG from NextDecade’s Rio Grande

ConocoPhillips has entered into a 20-year sales and purchase agreement (SPA) to procure 1mtpa of LNG from the Rio Grande LNG project.