Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • NextDecade and Shell Execute 2 MTPA, 20-Year LNG Sale and Purchase Agreement
    édité le 02/04/2019 - Plus de news de "NextDecade" - Voir la fiche entreprise de "NextDecade"


NextDecade and Shell Execute 2 MTPA, 20-Year LNG Sale and Purchase Agreement
NextDecade Corporation announced at the LNG2019 conference in Shanghai, a 20-year sale and purchase agreement (“SPA”) with Shell NA LNG LLC (“Shell”) for the supply of two million tons per annum (“MTPA”) of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

Pursuant to the SPA, Shell will purchase LNG on a free-on-board basis starting from the commercial operation date of Rio Grande LNG, currently expected in 2023, with approximately three-quarters of the purchased LNG volumes indexed to Brent and the remaining volumes indexed to domestic United States gas indices, including Henry Hub.

The SPA is the first-ever long-term contract with LNG produced out of the United States to be indexed to Brent and comes with full destination flexibility.

“We are honored to have Shell as the first foundation customer of our Rio Grande LNG project,” said Matt Schatzman, NextDecade’s President and Chief Executive Officer. “Shell is not only the largest portfolio LNG company in the world, Shell is also a recognized pioneer in the global LNG business. Shell was the first to sign a long-term SPA from the United States indexed to Henry Hub in 2011, and so it is fitting they are the first to sign a long-term SPA from a U.S. LNG project indexed to Brent. We look forward to finalizing additional commercial agreements and to proceeding with the development of our Rio Grande LNG project.”

“LNG continues to be the fastest-growing gas supply source to 2035,” said Slavko Preocanin, Vice President, Shell LNG Marketing & Trading. “This agreement secures more volume for our portfolio in the 2020s and ensures we can meet the growing demand for secure, flexible and cleaner energy from our global customers. We look forward to working with NextDecade in the years to come.”

Consistent with previous guidance, pending the achievement of further commercial milestones and receipt of requisite regulatory approvals, NextDecade anticipates making a positive final investment decision on up to three trains (Phase I) of the Rio Grande LNG project by the end of the third quarter of 2019.

The Rio Grande LNG project timeline of selected events is below:

- Draft environmental impact statement October: 12, 2018
- Texas air quality permits December: 12, 2018
- FEED endorsement certificates December: 2018
- Long-term site lease agreement March: 6, 2019
- 2 mtpa, 20-year SPA with Shell March: 28, 2019
- LNG contracts to support up to three trains: 2Q-3Q 2019
- Lump-sum turnkey EPC bids to NextDecade April: 22, 2019
- Final environmental impact statement: April 26, 2019
- Fully executed EPC contract: 3Q 2019
- Federal authorization decision deadline: July 25, 2019
- Final investment decision: 3Q 2019

About NextDecade Corporation

NextDecade (NASDAQ: NEXT) is an LNG development company focused on LNG export projects and associated pipelines in Texas. NextDecade intends to develop the largest LNG export solution linking Permian Basin associated gas to the global LNG market, creating value for producers, customers, and stockholders. Its portfolio of LNG projects includes the 27 mtpa Rio Grande LNG export facility in Brownsville, Texas and the 4.5 Bcf/d Rio Bravo Pipeline that would transport natural gas from the Agua Dulce area to Rio Grande LNG. NextDecade’s technology selections are expected to foster operational reliability and afford NextDecade’s customers access to reliable, low-cost, abundant natural gas from the Permian Basin, Eagle Ford Shale, and other basins. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.


Origine : Communiqué NextDecade

Voir la fiche entreprise de "NextDecade"





Les dernières news de "NextDecade"

  Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi centrica cgg chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gouvernement gtt gulf-of-mexico hess ifp india indonesia inpex iraq jacobs jgc kazakhstan kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill shah-deniz shale-gas shell siemens sinopec socar sonangol sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2019