NextDecade Secures $356 Million Loan for Rio Grande LNG Phase 1
(Reuters) — NextDecade said on Wednesday it has received a loan worth $356 million from a group of lenders to finance a portion of the Phase 1 of its Rio Grande LNG export facility in Texas.
The LNG firm said the full amount was disbursed on Sept. 15, leading to lowering of its existing loan commitments for Phase 1 to under $10.8 billion from $11.1 billion.
Located in Brownsville, Texas, the Rio Grande LNG export facility has been in development for several years, suffering repeated delays.
The facility, with a capacity to produce 27 million tonnes per annum of LNG, received a positive final investment decision to construct the first three liquefaction trains (Phase 1) in July.
The $18.4 billion committed for Phase 1 is the largest greenfield energy project financing in U.S. history.
Related News
Related News
![](/media/2035/pgj-enews-graphic-300x1404.jpg)
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
Comments