NextDecade Corporation introduced that the Texas Commission on Environmental Quality (TCEQ) voted to concern a sequence of air permits to NextDecade’s Rio Grande LNG venture in South Texas. “We respect the TCEQ’s dedication to the assessment of our venture and are happy to realize one other vital milestone in our efforts to ship a protected and dependable LNG facility,” stated Matt Schatzman, NextDecade’s President and Chief Executive Officer. “We look ahead to bringing hundreds of jobs to the Rio Grande Valley and communities all through the State of Texas, and to facilitating entry to clean-burning, U.S.-produced pure gasoline for our prospects around the globe.” The Rio Grande LNG venture additionally stays topic to assessment by the Federal Energy Regulatory Commission (FERC), which is the first and coordinating company liable for the allowing of U.S. LNG initiatives. FERC issued a draft environmental impression assertion (EIS) on the Rio Grande LNG venture and related Rio Bravo Pipeline on October 12, 2018. A ultimate EIS will probably be issued on April 26, 2019. FERC has established a 90-day Federal Authorization Decision Deadline of July 25, 2019. NextDecade anticipates a ultimate funding resolution on the venture within the third quarter of 2019. About NextDecade Corporation NextDecade is an LNG improvement firm primarily centered on LNG export initiatives and related pipelines in Texas. NextDecade intends to develop a portfolio of LNG initiatives, together with the 27 mtpa Rio Grande LNG export facility in Brownsville, Texas and the four.5 Bcf/d Rio Bravo Pipeline that might transport pure gasoline from the Agua Dulce space to Rio Grande LNG. NextDecade’s widespread inventory is listed on the Nasdaq Stock Market underneath the image NEXT. NextDecade is headquartered in Houston, Texas. Located on the Port of Brownsville in South Texas, NextDecade’s Rio Grande LNG venture is predicted to be a frontrunner amongst second wave U.S. LNG initiatives. NextDecade believes its prospects and shareholders will profit from the venture’s skilled management, confirmed method, and optimum location. NextDecade’s know-how alternatives are anticipated to foster operational reliability and afford NextDecade’s prospects entry to ample pure gasoline from the Permian Basin, Eagle Ford Shale, and different basins. (Source and picture: NextDecade)
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