Free Trial

Rio Grande LNG FID Expected in Early July

LNG

NextDecade has lined up lenders to help finance its proposed Rio Grande LNG export project with a final investment decision expected in early July according to a statement on Thursday.

  • The lender group includes institutions from Asia, Europe, the Middle East and North America.
  • “NextDecade is now targeting FID on Phase 1 in early July with FIDs of its remaining trains to follow thereafter.”
  • The company signed several long-term LNG supply agreements in the last year with commercial deliveries previously expected to start in 2027.
  • Rio Grande LNG in Texas will be capable of producing 27m metric tonnes of low carbon intensive LNG from five trains of 5.4mtpa each.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.