U.S. Stock Market News | NextDecade surges over 6% pre-market, signs 20-year LNG supply agreement with Saudi Aramco
Before the U.S. stock market opens on Thursday, as of the time of publication, NextDecade rose by 6.04% to $8.303. NextDecade previously announced a non-binding agreement with Saudi Aramco to supply 1.2 million tons of liquefied natural gas (LNG) annually over 20 years. The LNG will be supplied from NextDecade's Rio Grande LNG export facility Train 4 project in Brownsville, Texas. NextDecade stated that they are in negotiations with Saudi Aramco for a binding agreement, which will be subject to the final investment decision of the Train 4 project. The final investment decision is expected to be made in the second half of this year. In May of this year, the Abu Dhabi National Oil Company acquired an 11.7% stake in the Rio Grande LNG Phase 1 project, which will provide a pathway for the Train 1-3 projects
According to the information from Zhitong Finance and Economics APP, before the US stock market opened on Thursday, as of the time of publication, NextDecade (NEXT.US) rose by 6.04% to $8.303. NextDecade previously announced a non-binding agreement with Saudi Aramco to supply 1.2 million tons of liquefied natural gas (LNG) annually over 20 years.
These LNG supplies will come from the NextDecade Rio Grande LNG export facility Train 4 project located in Brownsville, Texas.
NextDecade stated that they are in negotiations with Saudi Aramco for a binding agreement, which will be subject to the final investment decision of the Train 4 project. The final investment decision is expected to be made in the second half of this year.
In May of this year, the Abu Dhabi National Oil Company acquired an 11.7% stake in the Rio Grande LNG facility Phase 1 project, which will provide a pathway for the Train 1-3 projects