US EditionNextDecade Approves $6.7 Billion Expansion of Rio Grande LNG
NextDecade secured $6.7 billion funding for Train 5, adding 6 million tonnes per annum capacity backed by 20-year LNG sales agreements with major energy firms.
- This year, NextDecade announced a positive final investment decision on Train 5 at its Rio Grande LNG facility, following last month's Train 4 approval.
- On August 29, the Federal Energy Regulatory Commission issued a final order affirming the Rio Grande LNG terminal including trains four and five is in the public interest, clearing the last major regulatory hurdle.
- Project filings show Train 5 cost is about $6.7 billion and its capacity is about 6 million tonnes per annum, lifting Rio Grande LNG's total under-construction capacity to approximately 30 MTPA.
- The project is supported by 20-year supply deals totaling 4.5 million tons per year, and NextDecade anticipates substantial completion and first commercial delivery in the first half of 2031.
- Near term, U.S. LNG capacity will rise by 5 billion cubic feet per day in 2025 and 2026 as Plaquemines LNG and Corpus Christi LNG come online, while Venture Global's $15.1 billion CP2 and Woodside's Louisiana FID signal further growth.
12 Articles
12 Articles
The Center Square
NextDecade to invest $6.7 at Texas LNG plant as Fed regulators quicken reviews
(The Center Square) – LNG producer NextDecade has reached a positive Final Investment Decision FID) on a fifth liquefaction train at its Rio Grande export facility near Brownsville, Texas, the
NextDecade Approves $6.7 Billion Expansion of Rio Grande LNG
U.S. LNG developer NextDecade Corporation has decided to invest $6.7 billion in the expansion of its Rio Grande LNG facility in Texas in another boost to America’s LNG export capacity in the coming years. NextDecade has just announced a positive final investment decision (FID) on Train 5 at Rio Grande LNG, closed financial transactions to fully fund Train 5 and related infrastructure, and issued full notice to proceed to Bechtel Energy for Trai…
NextDecade approves $6.7 billion expansion of Rio Grande LNG
(Oil Price)– U.S. LNG developer NextDecade Corporation has decided to invest $6.7 billion in the expansion of its Rio Grande LNG facility in Texas in another boost to America’s LNG export capacity in the coming years. NextDecade has just announced a positive final investment decision (FID) on Train 5 at Rio Grande LNG, closed financial transactions to fully fund Train 5 and related infrastructure, and issued full notice to proceed to Bechtel Ener
NextDecade Approves $6.7 Billion Expansion of Rio Grande LNG - What does this mean for Investors, and how does the EU impact this?
In a significant boost to the U.S. liquefied natural gas (LNG) sector, NextDecade Corporation has greenlit a $6.7 billion expansion project at its Rio Grande LNG facility in Brownsville, Texas. The company announced a positive final investment decision (FID) on Train 5, along with securing the necessary financing and issuing a full notice to proceed to engineering, procurement, and construction contractor Bechtel. This move comes amid growing gl…
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