Nextdecade Stock Price, News & Analysis

NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with China Gas Hongda Energy Trading Co., LTD for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. The deal, indexed to Henry Hub and set to commence commercial operations as early as 2027, highlights NextDecade's strategic focus on competitive and low-carbon LNG. The company expects to make a positive final investment decision on up to three trains at the facility in the second half of 2022.

NextDecade Corporation (NASDAQ: NEXT) announced the departure of Ivan Van der Walt, Chief Operating Officer, effective June 10, 2022, for other opportunities. His leadership contributed to developing the engineering and regulatory teams behind the Rio Grande LNG project. NextDecade anticipates making a final investment decision (FID) on at least two LNG export trains in the second half of 2022, contingent upon securing additional contracting and financing. The company aims to progress in sustainable LNG and carbon capture solutions through its subsidiaries.

NEXT Carbon Solutions (NCS) and California Resources Corporation (CRC) have signed an agreement to explore decarbonization at CRC's Elk Hills Power Plant. NCS aims to implement its carbon capture technology to capture up to 95% of CO₂ emissions, with a front-end engineering design (FEED) study expected to last six months. The CalCapture CCS+ project could capture and store 28 million metric tonnes of CO₂. Both companies emphasize the potential for lower costs and scalable carbon solutions beneficial for California’s energy environment.

NextDecade Corporation has signed a 15-year sale and purchase agreement with ENGIE S.A. for the supply of 1.75 million metric tonnes per annum of liquefied natural gas (LNG) from its Rio Grande LNG project in Brownsville, Texas. The first train is expected to start commercial operations by 2026. NextDecade aims to reduce CO2 emissions by more than 90% using carbon capture and storage technologies. A positive final investment decision on at least two trains is anticipated in the second half of 2022, contingent upon further LNG contracting and financing.

NextDecade Corporation (NASDAQ: NEXT) has signed a 20-year sale and purchase agreement with ENN LNG (Singapore) Pte Ltd for the supply of 1.5 million metric tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. The deal, indexed to Henry Hub prices, will support ENN's goal of promoting global energy transition. NextDecade aims for a final investment decision on at least two trains of the project by late 2022, contingent on further contracting and financing success.

NextDecade Corporation (NASDAQ: NEXT) has signed a binding Heads of Agreement with Guangdong Energy for a long-term LNG supply from its Rio Grande LNG project in Brownsville, Texas. The agreement entails a supply of up to 1.5 million tonnes per annum for 20 years, with LNG prices linked to Henry Hub. Initial deliveries will commence from train one, projected to start operations in 2026. NextDecade expects to finalize a sale and purchase agreement in Q2 2022 and aims for a positive investment decision for at least two LNG trains in late 2022.

The U.S. Court of Appeals for the D.C. Circuit upheld the Federal Energy Regulatory Commission's (FERC) authorization of NextDecade’s Rio Grande LNG export project (RGLNG), rejecting most claims from opponents. The Court requested further clarification on two climate-related issues, suggesting FERC could still affirm its decision. NextDecade aims to significantly reduce greenhouse gas emissions through carbon capture, emphasizing the role of LNG in the energy transition. The company is advancing its LNG export facility in South Texas and is committed to cleaner energy solutions.

NextDecade Corporation (NASDAQ: NEXT) has agreed to sell $5.0 million of Series C Convertible Preferred Stock to TEP Next Decade, LLC, an affiliate of Energy & Power Transition Partners (EPTP). This investment aligns with EPTP's goal of supporting cleaner energy solutions. NextDecade emphasizes its commitment to green LNG and carbon capture technologies, which are expected to drive value for both the environment and investors. The Series C Preferred Stock will not be registered under the Securities Act, limiting its sale to certain exemptions.

NextDecade Corporation (NASDAQ: NEXT) has appointed Mr. Ivan Van der Walt as Chief Operating Officer and Ms. Vera de Gyarfas as General Counsel, effective July 1 and July 12, 2021, respectively. Mr. Van der Walt, with nearly thirty years of energy industry experience, oversees project management for the Company’s LNG and carbon capture projects. Ms. de Gyarfas, also with extensive legal experience in the global energy sector, replaces Ms. Krysta De Lima who leaves the Company after six years. The Company is focused on developing a 27 mtpa LNG export facility in Texas and prominent carbon capture projects.