Saudi Aramco expects to buy liquefied natural gas from NextDecade Corporation’s planned train 4 at the Rio Grande LNG export facility in Texas under a 20-year agreement, the companies said on Thursday. The Saudi state oil giant and the U.S. LNG developer signed a non-binding Heads of Agreement (HoA) for a 20-year LNG offtake deal, under which Aramco expects to purchase 1.2 million tonnes per annum (MTPA) of LNG for 20 years on a free on board basis, at a price indexed to the U.S. benchmark, Henry Hub. Aramco and NextDecade…
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