Welcome to our dedicated page for NextDecade Corporation news (Ticker: NEXT), a resource for investors and traders seeking the latest updates and insights on NextDecade Corporation stock.
NextDecade Corporation (Symbol: NEXT), based in The Woodlands, Texas, is a global leader in the development and management of liquefied natural gas (LNG) projects. Founded in 2010 by Kathleen Eisbrenner, NextDecade has a world-class team with extensive experience in LNG, gas, and electricity projects across the globe.
NextDecade’s core business revolves around providing comprehensive solutions across the entire LNG value chain. This includes infrastructure development, natural gas supply, and project ownership. The company is dedicated to meeting the unique needs of its customers by offering commercial flexibility and forging strategic partnerships.
One of NextDecade’s flagship projects is the Rio Grande LNG terminal in Brownsville, Texas. This project aims to become a leading LNG export facility, contributing significantly to the global LNG supply chain. Another notable project is the Pelican Island LNG in Galveston, Texas, which focuses on further expanding the company's LNG capabilities. In addition to these, NextDecade is actively involved in the capture and storage of CO2 emissions, reinforcing its commitment to environmental sustainability.
NextDecade's projects are characterized by their ability to bring together companies, people, and opportunities to create a robust and efficient mix of assets. This approach not only enhances the success rate of their projects but also ensures long-term value for stakeholders.
The company’s financial condition has been bolstered by strategic partnerships and investments, which have enabled it to secure funds necessary for project development and execution. NextDecade also provides a variety of services tailored to the individual needs of its customers, including the supply and trade of LNG volumes, the creation of new natural gas infrastructure, and the provision of technical engineering and design services.
In summary, NextDecade Corporation stands out as a pivotal player in the energy sector, particularly in the LNG market. By combining expertise, innovation, and sustainability, the company continues to make significant strides in fulfilling its mission of providing reliable and flexible LNG solutions to meet global energy needs.
NextDecade Corporation (NASDAQ: NEXT) has increased its liquefied natural gas (LNG) sales agreement with ENN LNG (Singapore) Pte Ltd from 1.5 million tonnes per annum (MTPA) to 2.0 MTPA. This 20-year supply agreement will deliver LNG from the Rio Grande LNG export project in Brownsville, Texas, with all volumes indexed to Henry Hub prices. NextDecade aims for a positive Final Investment Decision (FID) on its first three LNG trains in Q1 2023, with additional FIDs to follow.
NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with Galp Trading S.A. for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. The contract is indexed to Henry Hub prices. The company aims for a positive Final Investment Decision (FID) in Q1 2023 for the project’s initial trains. NextDecade is focused on providing lower-cost, reliable LNG while supporting efforts for a net-zero future through sustainable practices.
NextDecade Corporation (NASDAQ: NEXT) has announced a private placement of common stock, raising
NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with ExxonMobil LNG Asia Pacific for 1.0 million metric tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. The first train is anticipated to commence operations in 2026. This agreement marks a significant milestone, reflecting NextDecade's strategy to provide low carbon LNG and secure energy supply. The company aims for a positive final investment decision on up to three trains of the project in the latter half of 2022.
NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year agreement with Guangdong Energy Group to supply 1.0 MTPA of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. This agreement follows a prior Heads of Agreement established on March 24, 2022. The LNG will be priced based on Henry Hub rates and is set to commence operations in 2026. Guangdong Energy has an option for an additional 0.5 MTPA. NextDecade aims for a positive final investment decision on up to three LNG trains in late 2022, contingent on demand and financing.
NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with China Gas Hongda Energy Trading Co., LTD for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. The deal, indexed to Henry Hub and set to commence commercial operations as early as 2027, highlights NextDecade's strategic focus on competitive and low-carbon LNG. The company expects to make a positive final investment decision on up to three trains at the facility in the second half of 2022.
NextDecade Corporation (NASDAQ: NEXT) announced the departure of Ivan Van der Walt, Chief Operating Officer, effective June 10, 2022, for other opportunities. His leadership contributed to developing the engineering and regulatory teams behind the Rio Grande LNG project. NextDecade anticipates making a final investment decision (FID) on at least two LNG export trains in the second half of 2022, contingent upon securing additional contracting and financing. The company aims to progress in sustainable LNG and carbon capture solutions through its subsidiaries.
NEXT Carbon Solutions (NCS) and California Resources Corporation (CRC) have signed an agreement to explore decarbonization at CRC's Elk Hills Power Plant. NCS aims to implement its carbon capture technology to capture up to 95% of CO2 emissions, with a front-end engineering design (FEED) study expected to last six months. The CalCapture CCS+ project could capture and store 28 million metric tonnes of CO2. Both companies emphasize the potential for lower costs and scalable carbon solutions beneficial for California’s energy environment.
NextDecade Corporation has signed a 15-year sale and purchase agreement with ENGIE S.A. for the supply of 1.75 million metric tonnes per annum of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. The first train is expected to start commercial operations by 2026. NextDecade aims to reduce CO2 emissions by more than 90% using carbon capture and storage technologies. A positive final investment decision on at least two trains is anticipated in the second half of 2022, contingent upon further LNG contracting and financing.
NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with ENN LNG (Singapore) Pte Ltd for the supply of 1.5 million metric tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. The deal, indexed to Henry Hub prices, will support ENN's goal of promoting global energy transition. NextDecade aims for a final investment decision on at least two trains of the project by late 2022, contingent on further contracting and financing success.
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