Milestone reached for Rio Grande LNG, one of world’s largest export factilities

Rio Grande LNG facility expected to create 4,000 to 6,000 construction jobs, more than 200 well-paid permanent jobs

NextDecade

THE WOODLANDS, Texas – NextDecade, LLC, a development and management company of LNG projects, says it has filed an application with the US Federal Energy Regulatory Commission (FERC) for authorization to site, construct and operate Rio Grande LNG.

If approved, Rio Grande LNGa will be a 27 Mtpa LNG export facility near Brownsville, Texas and the Rio Bravo Pipeline, a 137-mile pipeline system that will provide the facility with its feed gas.

At full build-out, the Rio Grande LNG facility will be one of the largest LNG export facilities in the world, according to a NextDecade press release.

Providing NextDecade customers access to clean-burning natural gas, helping countries to drastically improve their air quality, reduce emissions and procure safe and reliable exports of U.S. natural gas.

This action represents the most significant milestone to date in the development of Rio Grande LNG, positioning the project in an excellent position to sign offtake agreements and declare Final Investment Decision (FID) in 2017, says CEO Kathleen Eisbrenner.

“After a productive pre-filing with the FERC and extensive consultation and cooperation with the reviewing agencies and local communities, we are proud to have achieved this major accomplishment,” she said.

Pending FERC approval and FID, the project is expected to create between 4,000 and 6,000 construction jobs, and more than 200 well-paid permanent jobs, reflecting a potential investment of up to $20 billion.

In Nov. 2015, NextDecade announced that it had signed non-binding agreements for 14 Mtpa of LNG with customers from across Asia and Europe.

Since then, that number has grown to 26 Mtpa, demonstrating a continued desire for U.S.-produced LNG from customers around the world, and specifically, a desire for LNG from the proposed NextDecade facility.

NextDecade

Kathleen Eisbrenner, NextDecade Chief Executive Officer

“Despite recent low oil and gas prices, we have found robust appetite for U.S. LNG on a long-term basis all around the world. This interest reaffirms the price competitiveness of U.S. LNG for customers looking to diversify their gas supply on a global level,” said Eisbrenner.

NextDecade expects to receive authorization from the FERC by the end of the first quarter of 2017 and expects to begin exporting LNG from Rio Grande LNG by the end of 2020.

 

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