NextDecade Corporation announced a positive final investment decision (FID) on Train 4 at Rio Grande LNG.
Train 4 is fully funded with no impact on NextDecade common shares outstanding.
The Company also issued a full notice to proceed to Bechtel for Train 4.
Train 4 FID Achieved
NextDecade made a positive FID on Train 4 with expected LNG production capacity of approximately 6 MTPA.
Funding Details
Approximately $6.7 billion in committed financing closed to fully fund Train 4 and related infrastructure.
Equity Financing
NextDecade secured $1.33 billion in term loans to finance Train 4 equity commitments without impacting common shares outstanding.
- Train 4 at Rio Grande LNG is expected to contribute to cleaner energy production.
- The positive FID signifies a significant milestone in meeting the growing demand for natural gas infrastructure.
The positive final investment decision on Train 4 marks an important step towards expanding LNG production capacity and meeting global energy demands.