NextDecade rises after LNG supply deal with TotalEnergies

U.S.-based liquefied natural gas (LNG) producer NextDecade's NEXT.O shares rise 7.7% to $7.37

Company to supply 1.5 million tonnes per annum of LNG to France's TotalEnergies TTEF.PA for 20 years from Rio Grande LNG Train 4

NEXT expects existing long-term commercial agreements to be sufficient to support positive final investment decision (FID) on Train 4

NextDecade CEO Matt Schatzman said in February he hopes to further expand the U.S. LNG portfolio by helping Rio Grande add a fifth, sixth or seventh train over the next decade

Including session's moves, shares down 3.6% YTD