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NextDecade Rio Grande On Track for Train 1 Late 2027 Completion

LNG

US LNG firm NextDecade said the first phase of its Rio Grande project in Texas is on schedule for substantial completion of three liquefaction trains from late 2027 to late 2028/early 2029.

  • It’s CEO said the company was "focused on achieving a positive FID (final investment decision) on Train 4 in the second half of this year."
  • "We expect TotalEnergies to exercise its option to purchase 1.5 million tonnes per annum of LNG from Train 4, and commercial discussions are progressing well with numerous additional counterparties for the remainder of the LNG necessary to support a positive FID on Train 4 this year," he added.
  • TotalEnergies has agreed to buy 5.4 MTPA of LNG from the first three-train phase of the project. Several other energy companies have also agreed to buy LNG from Rio Grande.
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