Articles tagged Nextdecade

NextDecade Corp. CEO Matt Schatzman said this week that the U.S. Court of Appeals for the District of Columbia Circuit’s decision vacating FERC authorization for its Rio Grande LNG project sets a dangerous precedent. The company, he said, is prepared to take “any and all available legal and regulatory actions” to ensure the project isn’t delayed.

While U.S. LNG supply is poised to skyrocket by the end of the decade, little new export capacity will come online this year, and additional volumes are expected to climb slowly through next year and into 2026 as projects work through various setbacks.

No. 1: The European Union (EU) has approved a package of policies around the shipment of Russian LNG to member countries, marking the first official restrictions on natural gas from the country since the war in Ukraine began in 2022.

NO. 1: Saudi Arabian Oil Co., aka Aramco, has signed a tentative agreement to purchase 1.2 million metric tons/year (mmty) of LNG from NextDecade Corp.’s Rio Grande export project in South Texas.

As NextDecade Corp. progresses construction on the first three trains for its Rio Grande LNG project in Texas, it is working to firm up contracts for its second phase by the middle of the year.

As the early phases of construction ramp up in Texas, NextDecade Corp. is plotting course for a final investment decision (FID) on an expansion of its Rio Grande LNG export facility later in the year.

TotalEnergies SE is on the hunt for more opportunities for affordable LNG like its recent grabs in the United States as Europe’s energy volatility and rising costs are likely to persist.

The story, “NextDecade’s $18.4B Path to FID Weighing on Prospects for Other U.S. LNG Export Projects,” incorrectly stated management’s expectations for costs related to the second phase of the Rio Grande LNG project. Management at the company believes the second phase will generate more value and cost less to build than the first. Now that it has reached a final investment decision (FID) on the first phase, the company also believes the expansion project would have advantages over costlier greenfield export projects. NGI regrets the error. 

NextDecade Corp. has officially reached a final investment decision (FID) and given a notice to proceed on construction of the first phase of its Rio Grande LNG (RGLNG) facility.

A group led by the Sierra Club has filed federal lawsuits challenging FERC’s decision earlier this year to reaffirm its approval of the Rio Grande and Texas LNG export projects as they continue a fight to stop the proposed facilities from advancing.