We are Bullish on "NEXT" as Arab Gulf States Expand Investments in US LNG

With three charts and a table

EOA’s Main Takeaways

LNG: Bullish

NEXTDecade (NEXT): Bullish

Source: NextDecade

Abu Dhabi's state-owned oil company recently announced the acquisition of a 11.7% equity stake in Phase 1 of NextDecade’s Rio Grande (RG) LNG project in Texas, marking its first strategic investment in the US. In a statement published on May 20, Abu Dhabi National Oil Company (ADNOC) said it had entered into a 20-year LNG offtake agreement with NextDecade for 1.9 mtpa from Rio Grande LNG Train 4 on free on board (FOB) basis, and at a price indexed to the US Henry Hub, subject to a final investment decision.