NextDecade gives update on Rio Grande LNG project engineering, finance and commercial development
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.
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NextDecade advances Galveston Bay LNG plans ahead of decisions on Rio Grande venture
NextDecade Corp., the developer of the Rio Grande liquefied natural gas export project in Texas, has held two public events to gather support for its second Texan export venture called Galveston Bay LNG.
The Houston-based company has just held two open house events, one at Rosenberg in Texas attended by landowners who inquired about the pipeline route, and a second at Texas City.
Galveston Bay LNG will include a 97-mile affiliated pipeline to move 3 billion cubic feet of natural gas per day from the Katy Hub in Waller County, while the liquefaction plant is proposed for a 550-acre site along the Texas City Ship Channel.
The Galveston Bay liquefaction plant would produce an initial 5.5 million tonnes per annum of LNG.
“The Galveston Bay project open houses represent the first of several opportunities throughout the regulatory and permitting process, led by FERC, for area residents to learn more about the proposed project and to ask questions,” said NextDecade.
The company is also near the end of the regulatory process for the Rio Bravo Pipeline in South Texas and the Rio Grande export plant at the Port of Brownsville to produce around 27 MTPA of LNG.
The Texas Commission on Environmental Quality granted the Rio Grande project and its Rio Bravo Pipeline a state permit in December 2018, though federal regulators were not expected to make a decision about the projects until July 2019.
The Rio Bravo Pipeline is expected to transport 4.5 billion cubic feet per day from the Agua Dulce area to the Rio Grande liquefaction plant in Brownsville.
NextDecade’s Rio Grande project remains subject to final review by the Federal Energy Regulatory Commission.
The FERC issued a draft environmental impact statement for the Rio Grande venture and its associated pipeline in October 2018.
A final EIS will be issued on April 26 for the Rio Grande developments and the FERC has established a 90-day decision deadline of July 25, 2019.
NextDecade, whose shares are listed on the Nasdaq stock exchange, anticipates a final investment decision on the Rio Grande LNG venture in the third quarter of 2019.
