NextDecade Secures $356 Million Loan for Rio Grande LNG Phase 1
(Reuters) — NextDecade said on Wednesday it has received a loan worth $356 million from a group of lenders to finance a portion of the Phase 1 of its Rio Grande LNG export facility in Texas.
The LNG firm said the full amount was disbursed on Sept. 15, leading to lowering of its existing loan commitments for Phase 1 to under $10.8 billion from $11.1 billion.
Located in Brownsville, Texas, the Rio Grande LNG export facility has been in development for several years, suffering repeated delays.
The facility, with a capacity to produce 27 million tonnes per annum of LNG, received a positive final investment decision to construct the first three liquefaction trains (Phase 1) in July.
The $18.4 billion committed for Phase 1 is the largest greenfield energy project financing in U.S. history.
Related News
Related News
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
Comments