Nextdecade

As the early phases of construction ramp up in Texas, NextDecade Corp. is plotting course for a final investment decision (FID) on an expansion of its Rio Grande LNG export facility later in the year. Houston-based NextDecade disclosed it has secured a credit agreement with the Japanese financial giant MUFG Bank Ltd. for a $50…

TotalEnergies SE is on the hunt for more opportunities for affordable LNG like its recent grabs in the United States as Europe’s energy volatility and rising costs are likely to persist. Despite Europe’s falling oil and natural gas prices during the second quarter, CEO Patrick Pouyanné said “tensions” in the global gas market will mean…

The story, “NextDecade’s $18.4B Path to FID Weighing on Prospects for Other U.S. LNG Export Projects,” incorrectly stated management’s expectations for costs related to the second phase of the Rio Grande LNG project. Management at the company believes the second phase will generate more value and cost less to build than the first. Now that…

NextDecade Corp. has officially reached a final investment decision (FID) and given a notice to proceed on construction of the first phase of its Rio Grande LNG (RGLNG) facility. The Houston-based company disclosed Wednesday afternoon that it had secured $18.4 billion for the 17.6 million metric ton/year (mmty) first phase, making it what the company…

A group led by the Sierra Club has filed federal lawsuits challenging FERC’s decision earlier this year to reaffirm its approval of the Rio Grande and Texas LNG export projects as they continue a fight to stop the proposed facilities from advancing. The environmental group was joined by the city of Port Isabel and the…

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. The Houston-based company disclosed it has received commitments from an international…

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. GIP has agreed to take an undisclosed majority stake in the first three liquefaction trains of the proposed Texas export…

NextDecade Corp. CEO Matthew Schatzman said FERC’s recent order reaffirming its approval for Rio Grande LNG was a crucial milestone that’s likely to vault sanctioning of the project across the finish line. Editor’s Note: This segment is part of a regular series by NGI’s LNG Insight, shared on a one-time basis with NGI’s Daily Gas…

NextDecade Corp. CEO Matthew Schatzman said this week that FERC’s order reaffirming its approval for Rio Grande LNG was a crucial milestone that’s likely to vault sanctioning of the project across the finish line. “This was a strong order,” Schatzman told NGI in an interview this week days after the Federal Energy Regulatory Commission made…