NextDecade Corp.
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About
NextDecade is an LNG development company focused on LNG export projects and associated pipelines in the State of Texas.
Editor's note: Updated Feb. 6, 2020.
Transactions
Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal
Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal
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New Financings
Agreed to sell Series C convertible preferred stock issued in a private placement to TEP Next Decade LLC…
Agreed to sell Series C convertible preferred stock in a private placement to OGCI Climate Investments…
NextDecade Corp. has issued $15 million of common stock to an affiliate of Bechtel Oil, Gas and Chemicals…
NextDecade Corp. has agreed to sell the remainder of its Series B Convertible Preferred Stock (Series B)…
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News
WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?
International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future.
The Biden Effect: LNG SPAs Fall 15% in First Half 2024 After Pause
Poten & Partners data show that the total volumes associated with LNG sale and purchase agreements fell by 15% in the first half of 2024 compared to the same period in 2023 following the Biden administration’s LNG pause.
Aramco to Source Shale Feed-gas from NextDecade’s RGLNG Train 4
Aramco looks to offtake LNG from NextDecade Corp.’s Rio Grande LNG Train 4 in Brownville, Texas. A move that will source feed-gas from the Permian and Eagle Ford.
Saudi Aramco Holding LNG Talks with US Firms Tellurian, NextDecade, Sources Say
Oil giant Aramco is in talks with Tellurian to buy a stake in the Driftwood LNG plant near Lake Charles, Louisiana.
ADNOC Buys 11.7% Stake in NextDecade’s Rio Grande LNG Project
The United Arab Emirates’ ADNOC will acquire a 11.7% equity stake in Phase 1 of NextDecade Corp.’s Rio Grande LNG (RGLNG) project from Global Infrastructure Partners (GIP), while also entering an offtake agreement for 1.9 mtpa from the Texas export facility.
NextDecade Raises ‘Going Concern’ Doubts Amid Rio Grande LNG FID
NextDecade, which is developing the Rio Grande LNG project in Brownsville, once again highlighted “going concerns” in its SEC 10-Q filing but says Phase 1 of its project is fully financed and under construction.
‘Unexpected’ JV to Move Permian NatGas to Gulf Coast LNG Terminals
A trio of midstream companies—Enbridge, Whitewater and MPLX—will work together to build infrastructure to transport Permian Basin natural gas to Gulf Coast LNG terminals.
NextDecade Targets Second Half of 2024 for Phase 2 FID at Rio Grande LNG
NextDecade updated its progress on Phase 1 of the Rio Grande LNG facility and said it is targeting a final investment decision on two additional trains in the second half of 2024.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
Reports: White House Considering Climate Test for LNG Terminals
Seeking to shore up environmental support during an election year, President Joe Biden’s administration is weighing a tougher test for LNG export facilities.
NextDecade Secures Debt Financing for Rio Grande LNG’s First Phase
LNG developer NextDecade Corp. has secured debt financing to support construction of the company’s Rio Grande LNG export project in South Texas.
Cleaner Gas Demand Drives RSG-certification Growth in US Shale Patch
Nearly a third of U.S. natural gas production is being certified under a responsibly sourced gas standard. Proponents think regulatory action could spur greater demand for lower-emissions gas.
TotalEnergies’ CEO Patrick Pouyanné Says US Key to LNG Strategy
TotalEnergies SE’s (NYSE: TTE) CEO Patrick Pouyanné said the French company was committed to growing its LNG business and its growing U.S. position, part of the second wave of U.S. LNG projects, is key to that strategy.
NextDecade Corp.’s FID to Fuel Second Wave of US Exporting Power
NextDecade Corp.’s $18.4 billion FID for Phase 1 of its Rio Grande LNG project is a key component of the U.S.’ next wave of LNG exports, an analyst with ICIS told Hart Energy.
UPDATE 2: NextDecade Takes FID on $18.4B Rio Grande LNG Phase 1
The final investment decision comes as NextDecade executed and closed a joint venture agreement for Phase 1 which included approximately $5.9 billion of financial commitments.