NextDecade bags $356m loan to finance Rio Grande LNG


NextDecade Corporation has secured a $356m senior loan to finance a portion of the first three liquefied natural gas (LNG) trains, Phase 1, at its Rio Grande LNG export facility in Brownsville, Texas.

The LNG and carbon capture solutions firm today (21st September) said it had entered into a credit agreement with a group of lenders for the capital that was disbursed on 15th September.

At full scale, Rio Grande LNG will be capable of producing 27 million metric tonnes of lower carbon-intensive LNG annually for export markets around the world.

This amount of energy is enough to meet the annual heating requirements of nearly 20 million households, the equivalent of the total number of households in New York and California combined.

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