NextDecade Inks EPC Contracts With Bechtel for Rio Grande LNG Project

Group 1 - NextDecade Corporation has finalized contracts with Bechtel Energy for the construction of Train 4 and Train 5 at its Rio Grande LNG project, with a combined value of approximately $9 billion [1][9] - The EPC contract for Train 4 is valued at about $4.77 billion, while Train 5's contract is approximately $4.32 billion, both including a pricing-validity clause through September 15, 2025 [2][9] - NextDecade intends to reach a final investment decision (FID) on Train 4 before the pricing-validity period expires, which is contingent on securing sufficient supply agreements [3][9] Group 2 - NextDecade is making progress in securing supply deals for Train 5, including a 20-year LNG supply agreement with JERA for approximately 2 million tons per annum [4] - The company currently holds a Zacks Rank 4 (Sell), indicating a less favorable outlook compared to other energy sector stocks [5]