NextDecade Corp. signed binding agreements with lenders to secure the more than $10 billion in financing it needs to fund construction of its Rio Grande LNG export project in Texas and is aiming for a final investment decision (FID) in the next few weeks.

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The Houston-based company disclosed it has received commitments from an international consortium of lenders that will allow it to move forward with the 17.6 million metric ton/year (mmty) first phase of the Texas export project.

“The lender group includes the world’s leading Asian, European, Middle Eastern and North American project finance banks,” representatives for the firm wrote in a statement.

Due to the upcoming Independence Day holiday, the firm said it is targeting FID on the first three trains on its project...