NextDecade’s Rio Grande LNG (RGLNG) project has secured binding commitments from a syndicate of lenders and plans to make a positive final investment decision (FID) of the first three liquefaction trains (17.6 Mt/year Phase 1) at the Rio Grande LNG export facility in Brownsville, Texas (United States) in early July 2023. FIDs for the remaining trains will follow thereafter.
The first phase of the RGLNG project, led by NextDecade and Global Infrastructure Partners (GIP), is expected to start operations in 2027. NextDecade has already sold 16.2 Mt/year of LNG from Phase 1, or 92% of nameplate capacity, under long-term sale and purchase agreements. In June 2023, NextDecade entered into a framework agreement with TotalEnergies, which will join the RGLNG project with a 16.7% interest in the project’ first phase and will offtake 5.4 Mt/year of LNG over a 20-year period.
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