NextDecade (NEXT) signs a 20-year LNG offtake agreement with ADNOC for Train 4 of the Rio Grande LNG project along with the acquisition of a minority stake in Phase 1.
HOUSTON, May 20, 2024--ADNOC announced today the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) (Nasdaq: NEXT) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a 20-year LNG offtake agreement from RGLNG Train 4.
Here is how NextDecade (NEXT) and TXO Partners LP (TXO) have performed compared to their sector so far this year.