adamski
3年前
HOUSTON, March 24, 2022--(BUSINESS WIRE)--NextDecade Corporation ("NextDecade") (NASDAQ: NEXT) announced today the execution of a binding Heads of Agreement ("HOA") with Guangdong Energy Group Natural Gas Co., Ltd. ("Guangdong Energy") for the long-term supply of liquefied natural gas ("LNG") for 20 years from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
The HOA provides that Guangdong Energy will purchase up to 1.5 million tonnes per annum of LNG indexed to Henry Hub. The LNG supply will initially be from train one of Rio Grande LNG, which is expected to start commercial operations in 2026. The HOA also provides that Guangdong Energy and NextDecade will complete the sale and purchase agreement ("SPA") in the second quarter of 2022.
"We are honored to have Guangdong Energy as the second foundation customer of our Rio Grande LNG project and our first Chinese customer," said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. "Guangdong Energy is one of the largest power generation enterprises in Guangdong and we are pleased they have entrusted us to supply their rapidly growing business."
"We are pleased to be entering into a long-term SPA with NextDecade. Henry Hub-linked LNG will be an important part of our LNG portfolio as we transit to a greener future and optimize our resource procurement," commented by Mr. Zhu Zhanfang, Chairman of Guangdong Energy Natural Gas Co., "We look forward to a long lasting and fruitful cooperation with NextDecade, not necessarily just in LNG supply, but potentially in carbon capture and storage as well."
Assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision on a minimum of two trains of the Rio Grande LNG project in the second half of 2022.
adamski
3年前
HOUSTON, Jan 3 (Reuters) - U.S. liquefied natural gas (LNG) developer NextDecade Corp said on Monday that a final investment decision for its Rio Grande LNG project would again be delayed, this time until the second half of the year.
The $15.7 billion project, which would produce 27 million metric tons per year at full capacity, has been twice delayed since 2020. It was originally expected to start producing LNG in 2023.
The company disclosed the latest delay in a presentation to investors on Monday. It did not give a reason.
“Pushing off their final investment decision by yet another year is only delaying the inevitable,” said Gabby Brown, a spokesperson for the Sierra Club environmental group. “We will continue to fight to ensure that this project is never built. NextDecade should accept reality and cancel this disastrous project once and for all.”
NextDecade did not respond for additional comment.
NextDecade has agreed to supply Royal Dutch Shell with 2 million metric tons per year of LNG over 20 years from the proposed facility near Brownsville, Texas.
The plant will have a minimum of two trains producing 11 million metric tons per year, the company said.
The project would include the capture and storage of more than 5 million metric tons per year of carbon dioxide.
Several U.S. LNG projects have been delayed https://www.reuters.com/business/energy/lng-prices-surge-north-american-project-development-languishes-2021-11-08 as low prices from coronavirus-induced demand destruction caused buyers to back away from signing long-term supply contracts.
Analysts at consultants RBN Energy have said developers will probably go forward with three new LNG projects over the next year: Cheniere's Stage 3 expansion at Corpus Christi in Texas, Venture Global's Plaquemines in Louisiana and Tellurian Inc's Driftwood in Louisiana. (Reporting by Marcy de Luna in Houston Editing by Rosalba O'Brien and Matthew Lewis)
georgie18
3年前
NEXT...$2.77...in the P/M...$6 Target set by Morgan Stanley...
georgie18 Saturday, 03/20/21 06:50:23 AM
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NEXT...$1.78...Been Accumulating in this range in anticipation of the Descending Triangle Breakout...imo...we shall see...
Chart...https://schrts.co/STegCfta ...
NextDecade has a contract with Bechtel to build two liquefaction trains for $7B or three trains for $9.5B; each train can produce ~5.87M metric tons/year of LNG, or 770M cf/day of natural gas...
https://seekingalpha.com/news/3674475-nextdecade-plans-carbon-capture-for-rio-grande-lng-project?utm_source=otcmarkets&utm_medium=referral
Schedule 13D filed After Hours...https://www.otcmarkets.com/filing/html?id=14814920&guid=BMpaUnLBMuT6M3h
As of March 17, 2021, the Reporting Persons beneficially own, in the aggregate 10,102,076 Shares, comprised of 9,124,681 Shares and 977,395 Shares issuable upon (i) conversion of 1,925 Series A Preferred Shares and 3,791 Series B Preferred Shares, (ii) the exercise of 35,164 Series A Warrants, 506,367 Series B Warrants and 107,500 warrants owned by Bardin Hill Master Fund that are currently exercisable at an exercise price of $11.50 per Share (“Initial Warrants”), which together represent approximately 8.21% of outstanding Shares (based on (i) 122,067,438 outstanding Shares as provided by the Issuer plus (ii) the number of Shares issuable to the Reporting Persons upon the conversion of the Series A Preferred Shares and Series B Preferred Shares and the exercise of the Initial Warrants, the Series A Warrants and the Series B Warrants).
Form 4s filed After Hours...https://www.otcmarkets.com/stock/NEXT/disclosure
georgie18
4年前
NEXT...$2.31...in the P/M...https://www.otcmarkets.com/stock/NEXT/news/story?e&id=1863685
HOUSTON--(BUSINESS WIRE)-- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR ProcessTM, a post-combustion carbon capture technology to be applied at NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210414005133/en/
https://mms.businesswire.com/media/20210414005133/en/871118/4/Site-Rendering.jpg
(Photo: Business Wire)
Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage (CCS) projects in North America at Rio Grande LNG. NEXT Carbon Solutions’ CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of carbon dioxide (CO2) per year.