June 30 (LNGJ) - NextDecade Corp., the developer of the Rio Grande LNG export project and now teamed up with New York investment fund Global Infrastructure Partners and French TotalEnergies, has signed binding agreements with lenders to secure over $10 billion in financing to fund construction.
NextDecade expects to proceed with the three-Train first phase of a joint venture with ultimate plans and permits to produce up to 27 million tonnes per annum of LNG from five Trains built on the Brownsville Ship Channel. “Due in part to the observance of various holidays around the world, including the July 4th holiday, NextDecade is now targeting FID on Phase 1 in early July with FIDs of its remaining Trains to follow thereafter,” said the Houston-based company.
