NextDecade Corporation introduced that the Federal Energy Regulatory Commission (FERC) has issued an order authorizing the siting, development and operation of NextDecade’s proposed Rio Grande liquefied pure fuel (LNG) export facility in Brownsville, Texas and the related Rio Bravo Pipeline.
“Issuance of the FERC order marks a particularly necessary milestone for our challenge,” mentioned Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “We recognize the excellent and rigorous assessment of our challenge carried out by the FERC and quite a few different federal, state and native companies during the last 4 and a half years.”
NextDecade at the moment anticipates finalizing necessary industrial milestones in the course of the fourth quarter of 2019 and first quarter of 2020, previous to an anticipated ultimate funding choice (FID) within the first quarter of 2020. Construction of the ability is predicted to begin shortly after FID with industrial operations slated for late 2023.
NextDecade is a LNG improvement firm targeted on LNG export tasks and related pipelines in Texas. NextDecade intends to develop the most important LNG export resolution linking Permian Basin related fuel to the worldwide LNG market, creating worth for producers, clients, and stockholders. Its portfolio of LNG tasks consists of the 27 mtpa Rio Grande LNG export facility in Brownsville, Texas and the four.5 Bcf/d Rio Bravo Pipeline that will transport pure fuel from the Agua Dulce space to Rio Grande LNG.
(Source and picture: NextDecade)
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