Bechtel gets green light on $6.7B LNG project

Core Insights - The U.S. Court of Appeals reversed its earlier decision to overturn the Federal Energy Regulatory Commission's authorization of the Rio Grande LNG project, allowing the project to proceed with an expected LNG production capacity of approximately 24 million tons per annum (MTPA) [3][6] Company Developments - NextDecade has reached financial close on Train 4 at the Rio Grande LNG Facility, with a total projected cost of $6.7 billion, of which Bechtel's construction portion is $4.77 billion [8] - NextDecade has also contracted Bechtel for Train 5, valued at $4.32 billion, bringing the total contracts with Bechtel to approximately $9 billion [4] - The company anticipates a positive final investment decision for Train 5 in the fourth quarter of 2025, following the completion of its commercialization [5] Industry Context - There is a strong global demand for additional natural gas infrastructure, with NextDecade positioned to meet this demand through its ongoing projects [6] - The Trump administration has implemented favorable policies for large energy projects, including expedited permitting processes [7]