NextDecade Corp. has disclosed agreements with Global Infrastructure Partners (GIP) and TotalEnergies, and now expects to reach a final investment decision (FID) for the Rio Grande LNG project in deep South Texas later this month.

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GIP has agreed to take an undisclosed majority stake in the first three liquefaction trains of the proposed Texas export project, with options to invest in two additional trains. Under the agreements, which are subject to FID, TotalEnergies would take a 16.67% stake in the first phase.

TotalEnergies also has agreed to take 5.4 million metric ton/year (mmty) of liquefied natural gas from phase 1 for 20 years on a free on board basis indexed to U.S. benchmark Henry Hub. It also has the option to purchase LNG from a proposed expansion.

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