NextDecade announces expansion plans for Rio Grande LNG Facility site

“As we begin 2025, we are at an exciting time in NextDecade (NEXT) history. Our team is working diligently to capitalize on our outsized growth opportunities while continuing to construct Trains 1 through 3 (Phase 1) at the Rio Grande LNG Facility safely, on schedule, and on budget,” said Matt Schatzman, NextDecade’s Chairman and CEO. “We are working with multiple potential commercial counterparties to progress Trains 4 and 5 toward positive final investment decisions, and we believe we are well positioned to secure commercial support for both trains. Today, we are also pleased to announce development plans for expansion capacity at the Rio Grande LNG Facility site beyond Trains 1 through 5. We are currently developing and preparing to start the permitting process for Train 6 and starting the development of Trains 7 and 8. Train 6 is being developed inside the existing levee at the site, which is expected to provide advantages in site preparation and expected economics. We plan to pre-file an application with the Federal Regulatory Energy Commission for Train 6 this year. Trains 7 and 8 are being developed on the site outside of the existing levee. Additionally, we expect to explore options for the development of up to two additional trains at our site beyond Train 8.”