NextDecade Targets Train 4 Final Investment Decision at Texas LNG Facility for Late 2024
(Reuters) — NextDecade said on Monday it was targeting a final investment decision (FID) and plans to start construction of the fourth liquefaction train at its Rio Grande liquefied natural gas (LNG) facility in Texas by the second half of 2024.
The Rio Grande LNG export plant has been in development for several years, suffering repeated delays. Last year the company made a FID to construct the first three liquefaction trains at the facility.
NextDecade expects to finalize commercial arrangements for Train 4 in the coming months to support the FID. It plans to build the fifth liquefaction train after the Train 4 FID.
The company said if TotalEnergies exercises its LNG purchase options, NextDecade estimates an additional three million tonnes per annum (MTPA) of LNG must be contracted on a long-term basis for Train 4 and 5 each, before making a positive FID.
The French energy firm currently has LNG purchase options of 1.5 MTPA for Train 4 and 5 each.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
Comments