09:00 AM EDT, 04/08/2025 (MT Newswires) -- NextDecade ( NEXT ) said Tuesday that it has executed a 20-year liquefied natural gas sale and purchase agreement with a unit of Saudi Arabian national oil company Aramco.

NextDecade ( NEXT ) said the agreement states that the Aramco unit will buy 1.2 million metric tons per annum of LNG for 20 years on a free-on-board basis at a price indexed to Henry Hub, subject to a positive final investment decision on Train 4 of the Rio Grande LNG facility near Brownsville, Texas.

Shares of NextDecade ( NEXT ) were up 14% in recent Tuesday premarket activity.