LNG

NextDecade Corp., the company developing the Rio Grande LNG export plant on the north shore of the Brownsville Ship Channel in south Texas, has given an update on third-quarter business activities and progress on the joint venture.

TC Energy Corp., whose current projects include the building of the Coastal GasLink pipeline for LNG Canada, has completed the sale of 40 percent stakes for a total of C$5.3 billion (US$3.9Bln) in two US assets, Columbia Gas Transmission and Columbia Gulf Transmission, transporters of 20 percent of US LNG feed-gas volumes.

TC Energy Corp., whose main current project is the building of the Coastal GasLink pipeline for the LNG Canada venture, has agreed to sell 40 percent stakes for C$5.2 billion (US$3.9Bln) in the two US assets, Columbia Gas Transmission and Columbia Gulf Transmission, the transporters of substantial US LNG feed-gas volumes.

NextDecade Corp., the developer of the Rio Grande LNG export project in Texas, has formally taken a final investment decision to build the first three liquefaction Trains and export facilities with anticipated full capacity of around 27 million tonnes per annum with funding from the US, the Middle East and Asia.

Baker Hughes, the US energy technology company and compressor provide for liquefaction plants, was awarded an order by Bechtel Energy to supply equipment for the Rio Grande export project in Texas being developed by NextDecade Corp. and partners.

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.

NextDecade Corp., the developer of the Rio Grande LNG export project in Texas, has teamed up with a New York investment fund and TotalEnergies to enable a final investment decision for the first three liquefaction Trains and with the French major buying 5.4 million tonnes per annum of cargoes and taking a large stake in NextDecade.

The Supreme Court of Western Australia has dismissed two proceedings brought against the Chairman of the state’s Environmental Protection Authority challenging the Pluto LNG and Karratha Gas Plant environmental approvals made in 2019.

Woodside Petroleum, the operator of the North West Shelf plant and Pluto LNG in Western Australia, reported full-year net profits of US$1.98 billion versus a loss of US$4.28Bln in the previous year and two major liquefaction plant maintenance turnaround are scheduled for 2022.

Woodside, the Australian LNG plant operator, has completed the sale of a 49 percent non-operating participating interest in the second Pluto LNG train under development to Global Infrastructure Partners (GIP), one of the world’s leading specialist energy infrastructure investors.