Rio Grande LNG

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. 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 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…

NextDecade Corp.’s Rio Grande LNG project has cleared a major hurdle that opens a clearer path to reaching a final investment decision (FID) after FERC reaffirmed its approval for the facility and an associated pipeline in a long-awaited order issued late Thursday.  In a 3-1 vote, the Federal Energy Regulatory Commission found its 2019 approvals…

Multiple U.S. LNG export projects could reach a final investment decision (FID) this year after a record stretch of supply contracting activity in 2022 that accelerated after war broke out in Ukraine. In the year since Russia’s invasion, U.S. liquefied natural gas projects have signed over 30 sale and purchase agreements (SPA) with buyers looking…

NextDecade Corp. has requested FERC respond to a court’s 18-month-old order to revisit the approval of Rio Grande LNG as it seeks to move the Texas export terminal project forward. In a letter to the Federal Energy Regulatory Commission, NextDecade CEO Matthew Schatzman urged Acting Chairman Willie Phillips to act on the remand issued by…

Venture Global LNG has been granted permission by FERC to progress limited construction at Plaquemines LNG in Louisiana.

NextDecade Corp. inked a long-term agreement with its first Japanese customer, Itochu Corp., for offtake from the proposed Rio Grande LNG project in South Texas. NextDecade said Thursday Itochu signed a 15-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied natural gas indexed to Henry Hub. It would be delivered…