
(Source: Shutterstock.com)
Houston-based NextDecade Corp.’s Rio Grande LNG (RGLNG) Train 4 has executed a lump-sum, turnkey engineering, procurement and construction contract with Bechtel.
RGLNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under the EPC contract, NextDecade announced on Aug. 5.
The company currently projects that owner’s costs, contingencies, financing fees and interest during construction will total approximately $1.7 billion to $1.9 billion, based on current estimates and expected interest rates.
NextDecade estimates total project costs to be $6 billion to $6.2 billion for Train 4 and related infrastructure, in line with the per train cost of the three-train Phase 1 at the Rio Grande LNG Facility.
NextDecade said contract’s price validity extends through Dec. 31.
The company is continuing targeting a positive final investment decision for Train 4 in the second-half of 2024.
Recommended Reading
Belcher: Trump’s Policies Could Impact Global Energy Markets
2025-01-24 - At their worst, Trump’s new energy policies could restrict the movement of global commerce and at their best increase interest rates and costs.
CEO: TotalEnergies to Expand US LNG Investment Over Next Decade
2025-02-06 - TotalEnergies' investments could include expansion projects at its Cameron LNG and Rio Grande LNG facilities on the Gulf of Mexico, CEO Patrick Pouyanne said.
Belcher: Tariff Growing Pains Will Help US Achieve Energy Dominance
2025-04-03 - Tariffs may bring short-term pain, but Trump is aggressively pursuing goals that benefit the U.S., says Cornerstone Government Affairs’ Jack Belcher.
Burgum: Yes to US Power Supply, Reliability; No on Sage Grouse
2025-01-16 - Interior Secretary nominee Doug Burgum said the sage grouse is neither endangered nor threatened; he'll hold federal leases as scheduled; and worries the U.S. is short of electric power and at risk of losing the “AI arms race” to China and other adversaries.
Pickering Prognosticates 2025 Political Winds and Shale M&A
2025-01-14 - For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
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.