Printed by Jessica Casey,
Deputy Editor
LNG Trade,
NextDecade Company has introduced that Rio Grande LNG (RGLNG) has obtained binding commitments from a syndicate of lenders in an quantity ample, along with anticipated mission fairness funding, to assist a optimistic last funding choice (FID) of the primary three liquefaction trains (Part 1) on the Rio Grande LNG export facility in Brownsville, Texas, the US. The lender group consists of the world’s main Asian, European, Center Japanese, and North American mission finance banks.
NextDecade has offered 16.2 million tpy of LNG from Part 1, or 92% of nameplate capability, underneath long-term sale and buy agreements, ample to assist the binding debt commitments from these main lenders and the near-term FID of the 17.61 million tpy Part 1.
Due partially to the observance of assorted holidays all over the world, together with the 4th July vacation, NextDecade is now focusing on FID on Part 1 in early July with FIDs of its remaining trains to observe thereafter.
Learn the article on-line at: https://www.lngindustry.com/liquefaction/04072023/nextdecade-announces-bank-commitments-and-updated-fid-timing-for-rio-grande-lng/
