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FID on Rio Grande LNG Train 4 Targeted by H2 2024

LNG

NextDecade is aiming for a final investment decision and the start of construction of the fourth liquefaction train at the Rio Grande LNG facility in Texas by H2 2024 according to Reuters.

  • NextDecade expects to finalise commercial arrangements for train 4 in the coming months. ADNOC is in talks with NextDecade for an offtake agreement from the proposed fourth processing unit according to Reuters sources last week.
  • TotalEnergies has LNG purchase options of 1.5mtpa for train 4 and the proposed train 5 and if exercised, NextDecade estimates an additional 3mtpa of contracted LNG is required before making a positive FID.
  • FID on the first three liquefaction trains at the facility was taken last year after development faced repeated delays. The Gulf Coast project is allowed to progress despite legal challenges to FERC amid environmental and social impact concerns.
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