Milestone: NextDecade announces floating regas partnership


[Context: On December 12, NextDecade, backed by Valinor Management, Halcyon Energy Investors and York Capital Management, announced a partnership with Flex LNG to develop a floating storage and regasification unit (FSRU).]

NextDecade and FLEX LNG Join Forces to Develop LNG Regasification Solutions

THE WOODLANDS, Texas–December 12, 2016–(BUSINESS WIRE)–In a joint announcement, NextDecade Global Solutions, a subsidiary of NextDecade, LLC, and FLEX LNG revealed that the two companies have signed a Heads of Agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, TX. Initially, NextDecade and FLEX LNG will develop Floating Storage and Regasification Unit (FSRU) and dockside solutions for international customers of NextDecade’s, with the LNG supply also provided by NextDecade.

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