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Liquefied Natural Gas: TotalEnergies to Offtake 1.5 Mtpa of LNG From the Future Train 4 of Rio Grande LNG Facility

1. TotalEnergies signs SPA to buy 1.5 Mtpa LNG for 20 years. 2. Agreement depends on NextDecade's Final Investment Decision for Train 4.

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Why Bullish?

This agreement positions TTE well in the LNG market. Historical trends show LNG contracts can positively influence stock prices significantly.

How important is it?

The long-duration contract secures supply amid LNG demand growth, impacting TTE positively.

Why Long Term?

The 20-year contract ensures stable future revenues, enhancing long-term outlook similar to previous LNG deals.

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NEXTCVXXOM
PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) 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 Train 4. "We are pleased to sign with NextDecade a new 1,5 Mtpa SPA from the future Train 4 of Rio G.

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