NextDecade charters two Dynagas LNG carriers

NextDecade’s Rio Grande LNG has chartered two liquefied natural gas carriers from NYSE-listed Dynagas LNG Partners.

The limited partnership formed by Greek shipowner Dynagas said in a statement on Thursday that the new time charter party agreements will add about $270 million to its existing revenue backlog.

Under the first charter deal, the 2007-built 149,700-cbm, Clean Energy, will start serving NextDecade’s Rio Grande LNG between March-May 2026 following the expiration of the existing time charter with Germany’s SEFE Marketing & Trading.

This charter will last for about two years.

As per the second deal, the 2013-built 155,000-cbm, Arctic Aurora, has been employed for a time charter period of about 7 years.

Dynagas LNG Partners said this charter will start between September-November 2026 following the expiration of the existing deal with Norway’s Equinor.

Equinor has been using Arctic Aurora to ship LNG since its delivery in 2013 and the firm extended its charter deal for three more years in December last year.

NextDecade on Wednesday announced a final investment decision on the first three trains of its Rio Grande LNG export project in Texas.

The $18.4 billion project financing for RGLNG Phase 1 is the largest greenfield energy project financing in US history, the firm claims.

Phase 1, with nameplate liquefaction capacity of 17.6 MTPA, has 16.2 MTPA of long-term binding LNG sale and purchase agreements.

These include deals with TotalEnergies, Shell, ENN, Engie, ExxonMobil, Guangdong Energy Group, China Gas Hongda Energy Trading, Galp, and Itochu.

Most Popular

Shell wraps up acquisition of Pavilion Energy

UK-based LNG giant Shell has completed its previously announced acquisition of Singapore's Pavilion Energy.

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

US FERC issues draft supplemental EIS for NextDecade’s Rio Grande LNG project

The US Federal Energy Regulatory Commission (FERC) has released a draft supplemental environmental impact statement for NextDecade's Rio Grande LNG facility in Texas. The regulator said that it continues to conclude that approval of the project would result in "less than significant impact."

NextDecade: US court revises FERC’s order for Rio Grande LNG

US LNG firm NextDecade said that the US Court of Appeals for the District of Columbia had revised its August 2024 judgment against the Federal Energy Regulatory Commission’s order for the first five liquefaction trains at the Rio Grande LNG facility in Texas.

NextDecade, Baker Hughes ink framework deal for Rio Grande LNG expansion

US LNG firm NextDecade and compatriot energy services firm Baker Hughes have entered into a framework agreement related to the expansion of the Rio Grande LNG export plant in Texas.

Dynagas LNG Partners reports higher net income

Dynagas LNG Partners, the operator of six LNG carriers that work under long-term charters, reported a rise in its net income in the fourth quarter and 2024.