NextDecade Corp. has stopped all development activities for a liquefied natural gas (LNG) import terminal in Ireland, but the Houston-based developer still plans to reach a final investment decision (FID) this year on “a minimum of two trains” at the proposed export terminal in South Texas.

A memorandum of understanding (MOU) reached in 2017 between NextDecade and the Port of Cork for a floating storage and regasification unit (FSRU) expired at the end of 2020. Given the “increased uncertainty in Ireland’s evolving policies” regarding LNG imports, NextDecade “elected to suspend” development related to the Inisfree FSRU project, according to NextDecade’s Patrick Hughes, senior vice president, Strategy and Business Development.

Ireland’s National Climate Policy...