NextDecade reaches FID on Train 5 at Rio Grande LNG project in Texas

US-based liquified natural gas (LNG) producer NextDecade has reached a final investment decision (FID) on Train 5 at its Rio Grande LNG project in Texas. In addition to the FID, the company also secured full financing for Train 5 and associated infrastructure and issued a notice to proceed to Bechtel Energy. The decision allows Bechtel to commence work under a lump-sum, turnkey engineering, procurement and construction (EPC) contract. Train 5 is expected to produce approximately six million tonnes per a ...