NextDecade FERC Order for Rio Grande LNG Project

NextDecade Corporation announced yesterday the U.S. Federal Energy Regulatory Commission issued an order authorizing the siting, construction and operation of NextDecade’s proposed Rio Grande LNG export facility in Brownsville, Texas and the associated Rio Bravo Pipeline. The Rio Grande LNG Terminal would export 27 million metric tons of LNG per year.

“Issuance of the FERC order marks an extremely important milestone for our project,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “We appreciate the comprehensive and rigorous review of our project conducted by the FERC and numerous other federal, state and local agencies over the last four and a half years.”

NextDecade currently anticipates finalizing milestones during the fourth quarter of 2019 and first quarter of 2020. NextDecade anticipates a final investment decision in the first quarter of 2020. Construction of the facility is expected to begin shortly after FID with commercial operations slated for late 2023.