Rio Grande LNG
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The Eagle Ford deal comes as the US LNG market's growth remains stunted by policy. -
NextDecade taps Bechtel for $4.3-billion turnkey EPC for Train 4 of the Texas plant, but a federal appeals court hits a partial reset button.
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Company with large, Texas-based LNG facility currently under construction reveals financial woes in recent regulatory filings.
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The $18.4 billion in project financing pledged to Rio Grande LNG represents the largest greenfield energy project financing commitment in US history.
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The contract calls for Baker Hughes to supply equipment for three liquefaction trains for the project located in Brownsville, Texas.
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NextDecade pushes the final investment decision on project to the first quarter of 2023.
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ExxonMobil LNG Asia Pacific will purchase 1.0 mtpa from Rio Grande LNG plant over a 20-year period.
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Engie’s delayed supply contract with NextDecade’s Rio Grande LNG project is for 20 years. FID on the project is expected in 2021.
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The original technology selected in 2015 and 2016 for Rio Grande LNG has since evolved. With five trains instead of six, Rio Grande LNG will still produce 27 mtpa.
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FID on RGLNG was originally expected in 2019, before it was pushed to Q1 2020. NextDecade will continue to develop and de-risk the project.
