Europe's Engie Buys More U.S. LNG With Green Credentials
- Engie two years ago scrapped plans to buy from NextDecade
- NextDecade’s Texas terminal expected to start up 2026
Engie headquarters in the La Defense business district of Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
NextDecade Corp. gained the most in more than two weeks after French utility Engie SA agreed to buy liquefied natural gas from its proposed export terminal in Texas.
The pact marks a U-turn for the European powerhouse, which less than two years ago scrapped plans to buy LNG from the same project. It comes at a time when Europe is trying to eliminate its reliance on Russian gas, and after NextDecade committed to slash most of the emissions associated with the terminal.