NextDecade secures funding for Rio Grande LNG


NextDecade Corporation has secured funding for the first three liquefaction trains, or Phase 1, of its Rio Grande LNG export facility in Brownsville, Texas.

The US-based energy company this week received binding commitments from a syndicate of lenders, together with expected project equity funding, to support a positive final investment decision.

It is hoped that a final investment decision on Phase 1 will be reached in early July.

The lender group includes leading Asian, European, Middle Eastern and North American project finance banks.

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