NextDecade Provides Third Quarter 2024 Business Update
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) today provided an update on developmental and strategic activities for the third quarter and early fourth quarter 2024.
NextDecade Withdraws Carbon Capture and Storage Application at FERC
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) announced today that its subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding.
NextDecade Provides Second Quarter 2024 Business Update
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) today provided an update on developmental and strategic activities for the second quarter and early third quarter 2024.
NextDecade Comments on Today’s Court Actions
Today, the U.S. Court of Appeals for the D.C. Circuit (Court) issued an order vacating the Federal Energy Regulatory Commission’s (FERC) remand authorization of NextDecade Corporation’s (NextDecade) (Nasdaq: NEXT) Rio Grande LNG Facility on the grounds that the FERC should have issued a supplemental Environmental Impact Statement (EIS) during its remand process.
NextDecade Executes EPC Contract with Bechtel for Train 4 at the Rio Grande LNG Facility
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) announced today that its subsidiary Rio Grande LNG Train 4, LLC (Rio Grande LNG Train 4) has executed a lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel Energy Inc. (Bechtel) for the construction of Train 4 and related infrastructure at the Rio Grande LNG Facility.
NextDecade Announces the Appointment of Tarik Skeik as Chief Operating Officer
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT), announced today that Tarik Skeik has been appointed Chief Operating Officer (COO) of the Company. In this role, Skeik will report to the Chairman and CEO, Matt Schatzman, and further enhance a management team with outstanding experience in major capital project delivery and operations as the Company works to deliver Phase 1 of Rio Grande LNG (RGLNG) safely, on schedule, and within budget, reach positive final investment decisions on RGLNG Trains 4 and 5, and advance its Next Carbon Solutions business.
NextDecade Subsidiary Rio Grande LNG Announces Issuance of $1.115 Billion Senior Secured Notes Due 2047
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) announced today that its subsidiary Rio Grande LNG, LLC (Rio Grande LNG) has issued $1.115 billion of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNG’s existing term loan facilities for Phase 1 at the Rio Grande LNG Facility.
Aramco and NextDecade Announce Heads of Agreement for the 1.2 MTPA Long-Term Offtake of LNG from the Rio Grande LNG Facility
Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) (Nasdaq: NEXT) announced today that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA.
ADNOC Secures Equity Position and LNG Offtake Agreement in NextDecade’s Rio Grande LNG Project
ADNOC announced today the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) (Nasdaq: NEXT) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a 20-year LNG offtake agreement from RGLNG Train 4.
NextDecade Provides First Quarter 2024 Business Update
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) today provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024.
NextDecade Provides Fourth Quarter 2023 Business Update
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.
NextDecade Announces $50 Million Senior Secured Revolving Credit Facility and $12.5 Million Interest Term Loan
NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).
NextDecade Provides Third Quarter 2023 Business Update
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) today provided an update on developmental and strategic activities for the third quarter 2023.
NextDecade Announces Positive Final Investment Decision on Rio Grande LNG Phase 1
NextDecade Corporation (NextDecade, the Company) (NASDAQ:
NEXT) is proud to announce it has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas.
NextDecade Announces Bank Commitments and Updated FID Timing for Rio Grande LNG
NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) announced today that Rio Grande LNG (RGLNG) has received binding commitments from a syndicate of lenders in an amount sufficient, together with expected project equity funding, to support a positive final investment decision (FID) of the first three liquefaction trains (Phase 1) at the Rio Grande LNG export facility in Brownsville, Texas. The lender group includes the world’s leading Asian, European, Middle Eastern and North American project finance banks.
NextDecade Announces Framework Agreements with Global Infrastructure Partners and TotalEnergies to Support the Development of the Rio Grande LNG Project
NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) today announced that it has entered into framework agreements with Global Infrastructure Partners (GIP) and TotalEnergies (NYSE:
TTE) to enable the final investment decision (FID) for the Rio Grande LNG project (RGLNG) Trains 1, 2 and 3 (Phase 1) and to provide momentum for the further development of RGLNG Train 4 and Train 5.
NextDecade to Establish Permanent Conservation at the Las Lomas Area
NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) plans to acquire from the Brownsville Navigation District (BND) 1,500 acres of the Las Lomas ecological preserve as part of its ongoing sustainability and community commitments tied to the Rio Grande LNG (RGLNG) project. NextDecade’s commitments include habitat mitigation, wetland restoration, emissions reductions, and community investments.
NextDecade Clarifies Recent News Articles about its Financial Advisors
Following recent news articles about its financial advisors, NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) is clarifying the following:
NextDecade and Itochu Corporation Execute 1.0 MTPA LNG Sale and Purchase Agreement
NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) announced today the execution of a 15-year sale and purchase agreement (SPA) with Itochu Corporation (Itochu) for the supply of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG (RGLNG) export project in Brownsville, Texas.
NextDecade Announces Increase of ENN LNG Sale and Purchase Agreement
NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) announced today a volume increase of the sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte Ltd (ENN), a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. for the supply of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project (RGLNG) in Brownsville, Texas.
NextDecade and Galp Execute 1.0 MTPA LNG Sale and Purchase Agreement
NextDecade Corporation (NextDecade) (NASDAQ:
NEXT) announced today the execution of a sale and purchase agreement (SPA) with Galp Trading S.A. (Galp), for the long-term supply of liquefied natural gas (LNG) from NextDecade's Rio Grande LNG (RGLNG) export project in Brownsville, Texas.
NextDecade Announces $85 Million Private Placement of Common Stock
NextDecade Corporation (“NextDecade or the “Company”) (NASDAQ:
NEXT) today announced a private placement of common stock pursuant to which NextDecade will sell $85 million of common stock to 10 institutional investors. Shares of NextDecade’s common stock will be sold at $5.50 per share, and the private placement is expected to close on September 19, 2022, subject to the satisfaction of customary closing conditions.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement with ExxonMobil
NextDecade Corporation (“NextDecade”) (NASDAQ:
NEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”), an ExxonMobil affiliate, for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement With Guangdong Energy Group
NextDecade Corporation (“NextDecade”) (NASDAQ:
NEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously announced on March 24, 2022.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement With China Gas
NextDecade Corporation (“NextDecade”) (NASDAQ:
NEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD (“China Gas”), a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.
