Aramco Signs Offtake Agreement for Rio Grande LNG

April 10, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)-The state-run Saudi Arabian Oil Company signed a definitive agreement to take liquefied natural gas from the fourth train at the Rio Grande export facility, operator NextDecade Corporation (NASDAQ:NEXT) (Houston, Texas) said. NextDecade said Wednesday it signed a 20-year sale and purchase agreement with a subsidiary of the company, known also as Saudi Aramco. Indexed to Henry Hub, the U.S. benchmark for the price of natural gas, and pending a final investment decision (FID) on Train 4, Saudi Aramco will import 1.2 million metric tons of liquefied natural gas (LNG) per year, or around 160 million cubic feet per day.