NextDecade Corp. has made a positive final investment decision (FID) on Train 4 at Rio Grande LNG, closed financial transactions to fully fund Train 4 and related infrastructure, and issued full notice to proceed to Bechtel Energy Inc. (Bechtel) for Train 4. Additionally, the company continues to progress Train 5 at Rio Grande LNG toward an expected FID in the fourth quarter of 2025.
“The global call for additional natural gas infrastructure continues to be strong, and we are well positioned to meet this growing demand for cleaner energy, with approximately 24 MTPA of expected LNG production capacity currently under construction, Train 5 nearing a positive FID, and significant additional expansion capacity under development at the Rio Grande LNG site,” said Matt Schatzman, NextDecade’s chair and chief executive officer.
Train 4 has expected LNG production capacity of approximately 6 MTPA, bringing the total expected LNG production capacity under construction at Rio Grande LNG to approximately 24 MTPA.
Train 4 is commercially supported by 4.6 MTPA of 20-year liquefied natural gas (LNG) sale and purchase agreements (SPAs) with ADNOC, TotalEnergies, and Aramco. The guaranteed substantial completion date for Train 4, as well as the date of first commercial delivery under the Train 4 LNG SPAs, is anticipated in the second half of 2030.
Train 5 commercialization is complete, and Train 5 is commercially supported by a total of 4.5 MTPA of 20-year LNG SPAs with JERA, EQT Corp., and ConocoPhillips.
In June 2025, NextDecade entered into a lump-sum, turnkey EPC contract with Bechtel for Train 5 and related infrastructure. In September 2025, it extended the pricing validity period under the Train 5 EPC contract through November 15, 2025, to accommodate the Company’s current expected timeline for achieving a positive FID on Train 5.
