NextDecade Shares Rebound Toward $8 as Strait of Hormuz Disruption Hits LNG Supply
2026-07-13 11:22:04
NextDecade Corporation (NEXT) has quietly recovered toward $8 as markets focus on the Strait of Hormuz and a potential LNG supply shock. According to BeInCrypto, Iran’s strikes damaged close to 20% of Qatar’s liquefaction supply at Ras Laffan during early 2026, and Iran’s navy closed the strait again on July 12, cutting tanker crossings to near 33 a day from about 130 before the war. NextDecade is building the Rio Grande LNG plant in Brownsville, Texas, with about 48 million tonnes of yearly capacity under development and first cargoes due in early 2027; in July, ADNOC investment arm XRG boosted its stake. Citi has a Buy rating and an $11 target set on May 13; the stock trades near $7.99.
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