Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.7500 |
Strike | 8.00 |
Expiry date | 2024-05-17 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 427 |
(Bloomberg) -- The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall
HOUSTON, May 20, 2024--ADNOC announced today the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) (Nasdaq: NEXT) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a 20-year LNG offtake agreement from RGLNG Train 4.
Here is how NextDecade (NEXT) and TXO Partners LP (TXO) have performed compared to their sector so far this year.