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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