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NextDecade Corp pushes forward with its massive LNG export terminal project at the Port of Brownsville, aiming to transform South Texas's trade dynamics.
Energy producer NextDecade Corp. has announced the advancement of its $18.4 billion liquefied natural gas (LNG) export terminal project at the Port of Brownsville, Texas. The terminal, Rio Grande LNG, is set to be one of the largest LNG exporters worldwide, designed to process 5.4 million metric tons of LNG per annum per compressor unit. The first phase will utilize three units, financed by nearly $6 billion from international partners including TotalEnergies and Global Infrastructure Partners.
Although an exact completion date was not disclosed, the project aims to transform South Texas's trade dynamics and supply the world with reliable, lower-carbon intensive LNG.
Source: FreightWaves
Another massive US LNG export project will move forward to help supply Europe and Asia 🇺🇸 🚢
— Stephen Stapczynski (@SStapczynski) July 12, 2023
💰 NextDecade made final investment decision on its Rio Grande LNG plant in Texas. Thats the 3rd US plant to reach FID in 2023
📅 Project to start in 2027https://t.co/PubeCPaWaY
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