NextDecade secures full funding for Train 4 at Rio Grande LNG

Core Insights - NextDecade has made a positive final investment decision (FID) for Train 4 of the Rio Grande LNG project, securing complete funding and issuing a full notice to proceed under a turnkey EPC contract [1][2] Company Developments - The expected LNG production capacity for Train 4 is approximately 6 million tonnes per annum (mtpa), contributing to a total of around 24 mtpa at the Rio Grande LNG site [2] - Train 4's expansion is supported by 20-year LNG sale and purchase agreements (SPAs) with major companies, totaling 4.6 mtpa, with a projected date of first commercial delivery in the latter half of 2030 [3] - The estimated expenses for Train 4 and its associated infrastructure are around $6.7 billion [3] Financial Arrangements - Upon financial close, NextDecade received $98 million for establishment costs and management services related to Train 4, with an additional $50 million expected on September 9, 2026 [4] - The company holds a 40% economic interest in Train 4, which will increase to 60% once financial investors achieve certain returns, and secured $1.33 billion in term loans for equity funding commitments [4] Future Projects - The commercialization of Train 5 is complete, backed by 4.5 mtpa of 20-year LNG SPAs with JERA, EQT, and ConocoPhillips [5] - A lump-sum, turnkey EPC contract for Train 5 was signed with Bechtel, with the pricing validity period extended to align with the anticipated positive FID in the fourth quarter of 2025 [5][6] - The construction of Train 5 is planned to be funded with approximately 60% debt and 40% equity at the project level [6]