(World Oil) – TotalEnergies has signed a Sales and Purchase Agreement (SPA) with NextDecade to buy 1.5 million tons per annum (Mtpa) of liquefied natural gas (LNG) from the future Train 4 liquefaction unit at the Rio Grande LNG facility. The SPA, of a duration of twenty years, is subject to NextDecade taking a positive Final Investment Decision (FID) on
(BOE Report) – Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG and renewables it
(BOE Report) – The Federal Energy Regulatory Commission issued a preliminary decision on Friday supporting environmental approval for NextDecade’s Rio Grande LNG project in southern Texas. In August, a Washington, D.C. Circuit court quashed the regulator’s approval for the plant at the Port of Brownsville, Texas, saying it failed to issue a supplemental Environmental Impact Statement on how communities will
Oil Price The U.S. North American neighbors are emerging as the latest competitors of the United States to ship LNG to Asia, the world’s biggest and most important LNG-importing region. While U.S. LNG development has suffered a series of setbacks in recent months, Canada and Mexico are looking to tap the growing Asian market for the super-chilled fuel, analysts tell
Reuters WASHINGTON – Any French involvement in holding up a multi-billion dollar natural gas deal over environmental concerns could damage the country’s trade ties with the United States, a Republican senator has warned in a letter to French President Emmanuel Macron. Reuters and other media outlets reported last month that the French government asked power group Engie ENGIE.PA to delay signing a
Reuters PARIS/NEW YORK – The French government asked power group Engie ENGIE.PA to hold off on signing a multi-billion dollar U.S. liquefied natural gas import contract on concerns over the deal’s environmental implications, a source familiar with the matter said. The intervention comes amid growing scrutiny over the effects of shale gas extraction methods such as fracking and their impact on
Houston Chronicle Federal regulators appear poised to make permit decisions on the applications submitted by four liquefied natural gas export terminals in Texas. After more than three years of review, commissioners with the Federal Energy Regulatory Commission have placed permit decisions for the four projects on the agenda for the agency’s Thursday morning meeting. Three of the proposed projects
NextDecade Corporation (stock ticker: NEXT) said that its board has elected company CEO Matthew K. Schatzman to serve as chairman, effective June 4, 2019. Schatzman replaces Matthew W. Bonanno, who served as interim chairman since May 14, 2019, following the untimely death of Kathleen M. Eisbrenner, 58, the company’s founder and chairman. She served jointly as chairman and CEO until
On Friday, NextDecade Corporation (stock ticker: NEXT) reported that Kathleen M. Eisbrenner, 58, the company founder and chairman of the board, had died. Kathleen M. Eisbrenner, NextDecade founder and former CEO “It is with great sorrow that we announce the untimely passing of our friend and colleague,” said Matthew K. Schatzman, President and Chief Executive Officer of NextDecade. “Kathleen was
NextDecade Receives EPC Bid Packages for Rio Grande LNG Project from Bechtel and Fluor
Rio Grande LNG secures port location for Texas export plant; Venture Global LNG says global customer demand led it to double its planned capacity from two proposed Louisiana plants to 60 MTPA LNG takeaway growth could be just in time for U.S. gas producers as U.S. NatGas production hit record high in 2018 Two more Gulf Coast LNG export projects
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