Other partners include Global Infrastructure Partners (GIP), GIC and Mubadala. These companies will provide $4.8bn and will receive 62.5% of funds generated from the Rio Grande LNG first phase. The largest commitment comes from GIP, which is stumping up $3.5bn.
French utility Engie has agreed to buy liquefied natural gas from NextDecade Corp. after the US exporter committed to slash most of the emissions associated with a proposed terminal in Texas.
France’s Engie has pulled out of a proposed agreement to secure LNG from NextDecade’s Rio Grande LNG project, over concerns about shale gas development.