NextDecade (NEXT) Scraps CCS Application for Rio Grande LNG

NextDecade Corporation (NEXT) has decided to withdraw its application for the proposed carbon capture and sequestration (CCS) projection at its Rio Grande LNG facility in Brownsville, TX. NextDecade's subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission ("FERC"). This incident followed a major setback faced by the LNG export project two weeks before the D.C. Circuit Court of Appeals negated the FERC's approval for the project. In a letter to the FERC, the subsi ...