05:46 PM EDT, 09/03/2025 (MT Newswires) -- NextDecade ( NEXT ) said late Wednesday that it has entered a 20-year deal to deliver 1.5 million tonnes per annum of liquefied natural gas to EQT (EQT) from its planned Rio Grande LNG Train 5 facility in Texas.

The agreement increases Train 5's secured capacity to 3.5 MTPA, with NextDecade ( NEXT ) aiming to add another 1 MTPA to back a final investment decision anticipated in Q4 2025, said the company.

The deal, priced on a Henry Hub-linked free-on-board basis, is dependent on NextDecade ( NEXT ) reaching a final investment decision for Train 5, it added.

EQT CEO Toby Rice said the deal aligns with the company's goal of expanding into global LNG markets, while NextDecade ( NEXT ) CEO Matt Schatzman emphasized the importance of U.S. LNG in enhancing energy security for international partners.

NextDecade ( NEXT ) shares rose 4.3% in after-market trading activity, and EQT was up 0.6%.