NextDecade Approves Final Investment Decision for Train 5 at Rio Grande LNG Project

Core Insights - NextDecade Corporation has achieved a positive final investment decision (FID) for Train 5 at the Rio Grande LNG project, marking a significant milestone for the company [1][3] - The company has successfully closed financial transactions to fully fund Train 5 and issued a notice to proceed to Bechtel Energy Inc. for the engineering, procurement, and construction contract [1][3] - Train 5 is expected to have a production capacity of approximately 6 million tonnes per annum (MTPA), contributing to a total expected capacity of around 30 MTPA at the Rio Grande LNG project [2] Financial and Operational Highlights - The total expected costs for Train 5 and its related infrastructure are approximately $6.7 billion, which includes various costs such as EPC costs, owner's costs, contingencies, and financing fees [3] - Train 5 is commercially supported by 4.5 MTPA of 20-year LNG Sale and Purchase Agreements with customers including JERA, EQT Corporation, and ConocoPhillips [2][3] - The anticipated date for substantial completion and first commercial delivery under the Train 5 LNG SPAs is expected in the first half of 2031 [3]