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

From the Filing

0001628280-25-039408.txt : 20250811 0001628280-25-039408.hdr.sgml : 20250811 20250811091135 ACCESSION NUMBER: 0001628280-25-039408 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250807 ITEM INFORMATION: Other Events FILED AS OF DATE: 20250811 DATE AS OF CHANGE: 20250811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation EIN: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 251200445 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3300 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3300 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: NextDecade Corp. DATE OF NAME CHANGE: 20170726 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 8-K 1 next-20250807.htm 8-K next-20250807 FALSE 0001612720 0001612720 2024-06-03 2024-06-03 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 Item 8.01 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 se