((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Corrects to add the word “facility” in paragraph 1)
NextDecade NEXT.O said on Monday it is targeting a final investment decision (FID) and plans to begin construction of the fourth liquefaction train at its Rio Grande liquefied natural gas (LNG) plant in Texas d by the second half of 2024.
The Rio Grande LNG export plant has been under development for several years and has suffered repeated delays. Last year, the company made a declaration of intent to build the facility’s first three liquefaction trains.
NextDecade expects to finalize commercial agreements for Train 4 in the coming months to support the FID. It plans to build the fifth liquefaction train after the FID of train 4.
The company said that if TotalEnergies TTEF.PA exercises its LNG purchase options, NextDecade estimates that an additional three million tonnes per annum (MTPA) of LNG must be contracted long term for trains 4 and 5, before the investment decision is positive.
The French energy company currently has LNG purchase options of 1.5 MTPA for each of trains 4 and 5.