Gas deliveries to LNG terminals lowered 0.7 Bcf/d to 13.9 Bcf/d, the lowest in two weeks, as maintenance at several Gulf Coast liquefaction trains reduced intake.
Pipeline exports to Mexico held near a record 7.70 Bcf/d, underpinning South Texas basis despite the dip in feed gas.
In a notable long term move, NextDecade secured its first binding offtake for Rio Grande LNG Train 5: Japan’s JERA will purchase 2 mt/yr on a 20-year FOB contract indexed to Henry Hub, part of JERA’s push to rebalance its LNG portfolio toward flexible U.S. supply.
The deal adds critical commercial momentum as NextDecade lines up financing for Trains 4–5, which would lift the terminal’s capacity to roughly 27 mt/yr.
Source: Gelber & Associates
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