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.
NextDecade has struck a deal to supply 1 million tonnes per year of LNG from its planned Rio Grande project to ExxonMobil.
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
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.
Annova LNG has scrapped its plans for an LNG export facility in Brownsville, 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.
The French government is delaying plans for Engie to secure a deal to import US LNG, citing concerns over emissions.
NextDecade plans to cut CO2 equivalent emissions at its planned Rio Grande LNG facility by around 90%.
The US’ Federal Energy Regulatory Commission (FERC) has approved four LNG export plans, three of which are located in Texas’ Brownsville Ship Channel.