The company is also in the process of responding to an Aug. 6 ruling by the U.S. Court of Appeals for the D.C. Circuit, in which the court vacated permits for parts of the Rio Grande LNG project. (Source: Shutterstock)
NextDecade subsidiary Rio Grande LNG has withdrawn a proposed carbon capture and storage (CCS) project and requested that the Federal Energy Regulatory Commission (FERC) terminate the proceeding.
“We appreciate the FERC’s diligence during the review process,” said Chairman and CEO Matt Schatzman said in a press release. “The CCS project at RGLNG is not sufficiently developed to allow FERC review to continue at this time. We remain committed to advancing and lowering the cost of utilizing carbon capture and storage and helping companies reduce their facility emissions and achieving their clean energy goals.”
Related: NextDecade Raises ‘Going Concern’ Doubts Amid Rio Grande LNG FID
Rio Grande is in Phase 1 of its $18.4 billion Rio Grande LNG project, although the company has signaled financial problems in May, citing it its ability to continue as a “going concern.” Phase 1 is fully financed.
The company is also in the process of responding to an Aug. 6 ruling by the U.S. Court of Appeals for the D.C. Circuit, in which the court vacated permits for parts of the Rio Grande LNG project.
Recommended Reading
Blackstone Buys NatGas Plant in ‘Data Center Valley’ for $1B
2025-01-24 - Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said.
Cummins, Liberty Energy to Deploy New Engine for Fracking Platform This Year
2025-01-29 - Liberty Energy Inc. and Cummins Inc. are deploying the natural gas large displacement engine developed in a partnership formed in 2024.
CNOOC Starts Production at Two Offshore Projects
2025-03-17 - The Caofeidian 6-4 Oilfield and Wenchang 19-1 Oilfield Phase II projects by CNOOC Ltd. are expected to produce more than 20,000 bbl/d of crude combined.
Equinor Begins Producing Gas at Development Offshore Norway
2025-03-17 - Equinor started production at its Halten East project, located in the Kristin-Åsgard area in the Norwegian Sea.
Exxon Enlists Baker Hughes to Support Uaru, Whiptail Offshore Guyana
2025-02-03 - Baker Hughes’ will provide specialty chemicals and related services in support of the Uaru and Whiptail projects in the Stabroek Block.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.