NextDecade Corporation announced the execution of a 15-year sale and purchase agreement with ENGIE S.A. for the supply of liquefied natural gas from NextDecade's Rio Grande LNG export project in Brownsville, Texas. Under the SPA, ENGIE will purchase 1.75 million metric tonnes per annum of LNG on a free-on-board basis. The LNG supply will be from the first two trains of Rio Grande LNG, with the first train expected to start commercial operations as early as 2026.

NextDecade aims to reduce CO2 emissions from RGLNG by more than 90% via carbon capture and storage. Combined with responsibly sourced gas and the use of net-zero electricity, NextDecade intends to produce a lower carbon-intensive LNG for its customers.Assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision (“FID”) on a minimum of two trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining three trains to follow thereafter.