NextDecade Withdraws FERC Application for Carbon Capture Project
(P&GJ) — NextDecade Corp. has announced that its subsidiary Rio Grande LNG LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding.
“We appreciate the FERC’s diligence during the review process,” Matt Schatzman, NextDecade chairman and CEO, said. “The CCS project at RGLNG is not sufficiently developed to allow FERC review to continue at this time. We remain committed to advancing and lowering the cost of utilizing carbon capture and storage and helping companies reduce their facility emissions and achieving their clean energy goals.”
Earlier this month, a U.S. court overturned the Federal Energy Regulatory Commission's (FERC) approval of NextDecade's $18 billion Rio Grande LNG project, citing the need for a supplemental environmental impact statement. The project, which has faced multiple delays, is now expected to complete its first phase by early 2029.
Despite the court's decision, NextDecade continues construction on the initial three liquefaction trains and related infrastructure while assessing the ruling's impact on the final investment decision for a fourth train, slated to begin construction in the latter half of 2024.
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