NextDecade Signs Binding LNG Deal with Saudi Aramco

TL;DR

NextDecade locked in a big LNG deal with Saudi Aramco for Rio Grande!

AI Summary

NextDecade Corporation announced on August 7, 2025, that it has entered into a binding heads of agreement with Saudi Aramco for the sale of 1.5 million tonnes per annum of liquefied natural gas (LNG) from its Rio Grande LNG export facility. This agreement represents approximately 20% of the facility's total capacity and is expected to generate significant revenue for NextDecade.

Why It Matters

This significant agreement with a major global energy player like Saudi Aramco validates NextDecade's Rio Grande LNG project and secures a substantial portion of its capacity, bolstering investor confidence.

Risk Assessment

Risk Level: medium — While a binding agreement is positive, the full financial impact and operational success of the Rio Grande LNG project still carry inherent risks.

Key Numbers

• 1.5 MTPA — LNG Sale Volume (Secured volume from Rio Grande LNG facility for Saudi Aramco)
• 20% — Facility Capacity (Percentage of Rio Grande LNG's total capacity represented by the Saudi Aramco deal)

Key Players & Entities

• NextDecade Corporation (company) — Registrant
• Saudi Aramco (company) — Buyer in heads of agreement
• Rio Grande LNG (company) — Export facility
• 1.5 million tonnes per annum (dollar_amount) — Volume of LNG sold

FAQ

Key Financial Figures

• $0.0001 — ge on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market
• $0.3 billion — uity commitments of up to approximately $0.3 billion and $1.5 billion, respectively, to fina
• $1.5 b — of up to approximately $0.3 billion and $1.5 billion, respectively, to finance the dev
• $1.2 billion — quity commitment of up to approximately $1.2 billion to finance the Train 4 Project in excha

Filing Documents

• next-20250807.htm (8-K) — 33KB
• next-20250807_g1.jpg (GRAPHIC) — 228KB
• 0001628280-25-039408.txt ( ) — 727KB
• next-20250807.xsd (EX-101.SCH) — 2KB
• next-20250807_lab.xml (EX-101.LAB) — 22KB
• next-20250807_pre.xml (EX-101.PRE) — 13KB
• next-20250807_htm.xml (XML) — 3KB

From the Filing

next-20250807 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 7, 2025 NEXTDECADE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-36842 46-5723951 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 1000 Louisiana Street , Suite 3300 Houston , Texas 77002 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: ( 713 ) 574-1880 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol Name of each exchange on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item8.01 Other Events. On August 7, 2025, NextDecade Corporation (" NextDecade "), through its wholly owned subsidiaries NextDecade LNG, LLC (the " Sponsor "), Rio Grande LNG Phase 2 Intermediate Super Holdings, LLC (the " ND Train 4 Member ") and Rio Grande LNG Train 4 Intermediate Holdings, LLC (the " Train 4 JVCo "), entered into subscription agreements (the " Investor Subscription Agreements ") with (i) Global LNG North America Corp., a subsidiary of TotalEnergies SE (the " TTE Member ") and (ii) GIP V Velocity Aggregator T4, L.P. (the " Financial Investor Member " and, together with the TTE Member, the " JV Members ") and solely for the purposes set forth therein, with GIP V Velocity Acquisition Partners T4, L.P., a Delaware limited partnership (" GIP Acquisition Partners "), and GIM Participation Velocity, L.P., a Delaware limited partnership (" GIM " and, together with GIP Acquisition Partners, the " GIP Member Owner "), Devonshire Investment Pte. Ltd., a Singapore private company (the " GIC Member Owner " and together with the GI Member Owner, the " Financial Investor Member Owners "), whereby the TTE Member and the Financial Investor Member agreed to provide equity commitments of up to approximately $0.3 billion and $1.5 billion, respectively, to finance the development of the fourth liquefaction train of the Rio Grande LNG Facility and associated common facilities (the " Train 4 Project ") in exchange for 10% and 50% equity interests, respectively, in Train 4 JVCo, with the Financial Investor Member's economic interest reducing to 30% upon the achievement of certain returns on its investment in the Train 4 Project. The Financial Investor Subscription Agreement contemplates the potential accession thereto as a Financial Investor Member Owner by MIC TI Holding Company 2 RSC Limited, an ADGM Restricted Scope Company, with respect to a portion of the Financial Investor Member's aggregate equity commitment. Also on August 7, 2025, NextDecade, through Sponsor, together with the ND Train 4 Member and Train 4 JVCo, entered into a subscription agreement (the " ND Subscription Agreement " and together with the Investor Subscription Agreements, the " Subscription Agreements ") whereby ND Train 4 Member agreed to provide an equity commitment of up to approximately $1.2 billion to finance the Train 4 Project in exchange for a 40% equity interest in Train 4 JVCo, with NextDecade's economic interest increasing to 60% upon the achievement by Financial Investor Member of certain returns on its investment in the Train 4 Project. The entry by the JV Members into the Investor Subscription Agreements constitutes their respective exercise of options to invest in Train 4 equity. The closing of the transactions contemplated by the Subscription Agreements is conditioned upon the achievement of certain closing conditions, including the absence of material and adverse changes relat

View Full Filing

View this 8-K filing on SEC EDGAR