9/9/2025

(P&GJ) — ConocoPhillips has signed a long-term sales and purchase agreement (SPA) for 1 million tonnes per annum of LNG from the Rio Grande LNG project being developed by NextDecade near Brownsville, Texas.

The 20-year agreement is contingent on NextDecade reaching a final investment decision (FID) on Train 5. ConocoPhillips will purchase LNG on a free-on-board basis.

“ConocoPhillips is pleased to announce our agreement with a premier operator in NextDecade at Rio Grande LNG, where we will be a key foundation customer for Train 5,” said Khoa Dao, chief commercial officer for ConocoPhillips. “We’re excited to help move this project closer to FID while advancing our global LNG portfolio strategy and 10 to 15 MTPA offtake ambition.”

The company said its OCP CryoSep® technology will also be used at the Rio Grande LNG facility to remove heavy hydrocarbons from feed gas.

The deal builds on ConocoPhillips’ expanding LNG portfolio. The company recently announced agreements for 4 MTPA of LNG from Port Arthur LNG Phase 2 and 5 MTPA from Phase 1.

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