HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 16.Oct.2025, Words: 453) â NextDecade Corporation made a positive final investment decision (FID) at Rio Grande LNG (RGLNG) Train 5. The company also closed financial transactions to fully fund the train and related infrastructure, and issued full notice to proceed to Bechtel […]
Tag: NextDecade Corporation
Baker Hughes inks order for Rio Grande LNG expansion project
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 11.Sep.2025, Words: 167) â Baker Hughes was awarded a contract by engineering company Bechtel Energy Inc. to supply main liquefaction equipment for Train 4 of NextDecadeâs Rio Grande LNG facility in the Port of Brownsville, Texas. The award builds on a previously announced framework agreement for Baker Hughesâ […]
NextDecade making progress regarding Rio Grande LNG (RGLNG) Phase 1
HOUSTON, TEXAS (By NextDecade, 1.Aug.2025, Words: 1,970) â NextDecade Corporation provided an update on developmental and strategic activities for the second quarter 2025 and early third quarter 2025. CEO Commentary âNextDecade continues to make significant progress constructing Phase 1 of Rio Grande LNG safely and developing expansion capacity at Rio Grande […]
TotalEnergies to offtake 1.5 MTPA from RGLNG Train 4 in Brownsville, Texas
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 15.Apr.2025) â France’s TotalEnergies signed a sales and purchase agreement (SPA) with NextDecade Corporation for the purchase of 1.5 million tons per annum (MTPA) of liquefied natural gas (LNG) from Train 4 at the US companyâs Rio Grande LNG facility. The SPA will have […]
NextDecade and Aramco execute 1.2 MTPA LNG SPA for Rio Grande LNG Train 4
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 8.Apr.2025) â NextDecade Corporation executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with a subsidiary of Aramco for offtake of 1.2 million tonnes per annum (MTPA) of LNG from Train 4 at the Rio Grande LNG (RGLNG) facility. The agreement follows […]
Baker Hughes, NextDecade ink agreement for Rio Grande LNG expansion trains
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 11.Mar.2025) â Baker Hughes and NextDecade Corporation entered into a framework agreement whereby NextDecade will utilize Baker Hughesâ gas turbine and refrigerant compressor technology and enter into contractual services agreements to perform maintenance work for these equipment packages for Trains 4-8 at the […]
NextDecade reveals development of Trains 6-8 at Rio Grande LNG facility near Brownsville
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 28.Feb.2025) â NextDecade Corporation, which is developing and constructing the Rio Grande liquefaction and export facility near Brownsville, Texas with 48 million tonnes per annum (MTPA) of potential capacity, announced development plans for Trains 6-8. Trains 6-8 are wholly owned by NextDecade […]
Keeping the LNG Bandwagon Rolling
(Wood Mackenzie, 12.Sep.2024) â The LNG industry is on a roll. The âclubâ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a growing number of traders, hedge funds and NOCs. Whatâs more, capital remains available for new supply projects and import infrastructure. […]
NextDecade Subsidiary RGLNG Issues $1.1bn Senior Notes Due 2047
(NextDecade, 1.Jul.2024) â NextDecade Corporationâs subsidiary Rio Grande LNG, LLC issued $1.115bn of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNGâs […]
Aramco and NextDecade execute HoA for Rio Grande LNG (RGLNG)
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 13.Jun.2024) â The respective subsidiaries of Aramco and NextDecade Corporation executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Train 4 at the Rio Grande LNG (RGLNG) facility at the Port […]
ADNOC Inks Equity Stake, LNG Offtake Deal with NextDecade
(ADNOC, 20.May.2024) â ADNOC announced the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporationâs (Nasdaq: NEXT) Rio Grande LNG (RGLNG), a liquefied natural gas (LNG) export project located in Texas, US, which is expected to produce a less carbon-intensive LNG. Highlights: –11.7% equity stake in Phase 1 […]
NextDecade Provides 1Q:24 Business Update
(NextDecade, 9.May.2024) â NextDecade Corporation (NASDAQ: NEXT) provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024. CEO Commentary âConstruction of Phase 1 at the Rio Grande LNG Facility continues to progress according to plan, as we work alongside Bechtel to construct […]
NextDecade Updates on Strategic Plans for Early 2024
(NextDecade, 11.Mar.2024) â NextDecade Corporation (NASDAQ: NEXT) provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024. CEO Commentary “We are committed to maximizing long-term value for NextDecade’s shareholders by executing our business strategy efficiently and effectively,” said Matt Schatzman, NextDecade’s Chairman and Chief […]
NextDecade Takes RGLNG Phase 1 $18.4bn FID [PDF Download]
(NextDecade, 12.Jul.2023) â NextDecade Corporation (NASDAQ: NEXT) has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the companyâs 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Today, the company: Executed and closed a joint venture agreement […]
Rio Grande Valley LNG Projects Hit with Legal Lawsuits
(Sierra Club, 11.Jul.2023) â Today, groups filed two federal lawsuits challenging the decision by the Federal Energy Regulatory Commission (FERC) to approve two liquified gas (LNG) export terminals, Texas LNG, Rio Grande LNG, and the associated Rio Bravo Pipeline. These projects are proposed at the Port of Brownsville in Texas and on lands […]
Baker Hughes to Supply Three Trains for Rio Grande LNG
(Baker Hughes, 6.Jul.2023) â Baker Hughes (NASDAQ: BKR) has been awarded an order by Bechtel Energy Inc. â to be booked in the second quarter of 2023 â to supply three Main Refrigerant Compressors (MRCs) for NextDecadeâs Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply […]
NextDecade Reveals FID Timing for Rio Grande LNG
(NextDecade, 29.Jun.2023) â NextDecade Corporation (NASDAQ: NEXT) announced that Rio Grande LNG (RGLNG) has received binding commitments from a syndicate of lenders in an amount sufficient, together with expected project equity funding, to support a positive final investment decision (FID) of the first three liquefaction trains (Phase 1) at the Rio […]
NextDecade Announces 1 MTPA LNG Sale and Purchase Agreement with ExxonMobil
(NextDecade, 27.Jul.2022) â NextDecade Corporation (NASDAQ: NEXT) announced the execution of a 20-year sale and purchase agreement (âSPAâ) with ExxonMobil LNG Asia Pacific (âEMLAPâ), an ExxonMobil affiliate, for the supply of liquefied natural gas (âLNGâ) from NextDecadeâs Rio Grande LNG export project (âRGLNGâ) in Brownsville, Texas. Under the SPA, EMLAP will […]
NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with Guangdong Energy Group
(NextDecade Corp., 6.Jul.2022) â NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (âSPAâ) with Guangdong Energy Group for the supply of liquefied natural gas (âLNGâ) from NextDecadeâs Rio Grande LNG export project (âRGLNGâ) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously […]
NextDecade Inks 1 MTPA LNG Sale and Purchase Agreement with China Gas
(NextDecade Corp., 5.Jul.2022) â NextDecade Corporation (NASDAQ: NEXT) announced execution of a 20-year sale and purchase agreement (âSPAâ) with China Gas Hongda Energy Trading Co., LTD, a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (âLNGâ) from NextDecadeâs Rio Grande LNG export project […]
NextDecade and Guangdong Energy Announce Binding Heads of Agreement
(NextDecade Corporation, 24.Mar.2022) â NextDecade Corporation (NASDAQ: NEXT) announced the execution of a binding Heads of Agreement (âHOAâ) with Guangdong Energy Group Natural Gas Co., Ltd. for the long-term supply of liquefied natural gas (LNG) for 20 years from NextDecadeâs Rio Grande LNG export project in Brownsville, Texas. The HOA provides that […]