NextDecade Corp. has again pushed back a final investment decision for its Rio Grande liquefied natural gas (LNG) export project in Brownsville, TX. 

NextDecade

The company is now targeting the second half of 2022 for an FID on 11 million metric tons/year (mmty), or two liquefaction trains, according to an updated investor presentation released on Monday. The company previously delayed sanctioning in 2020, at the time pushing back an FID to the end of last year. 

NextDecade has signed just one customer to take LNG from the proposed 27 mmty, five-train terminal. Shell plc agreed to purchase 2 mmty in 2019 for a term of 20 years at prices linked to Brent crude and the Henry Hub index. NextDecade said in its latest presentation that negotiations were advancing with multiple buyers in Europe...