GE Oil & Gas has been selected by NextDecade as the exclusive supplier of gas turbine and compressor equipment for its liquefied natural gas (LNG) export projects and associated pipelines in Texas, US.
Under the agreement, GE will supply gas turbine and compressor equipment for the liquefaction trains of the Rio Grande LNG project and the associated Rio Bravo Pipeline.
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The supply agreement also has provisions related to long-term services, lifecycle maintenance, and GE performance guarantees.
In addition to technical and maintenance services, GE has been granted the right to invest in a project-level equity and debt financing for Rio Grande LNG at the time of final investment decision, as part of common equity investment.
NextDecade chief executive officer Kathleen Eisbrenner said: “NextDecade is delighted to welcome GE Oil & Gas as both a shareholder and exclusive supplier to its Rio Grande LNG and Rio Bravo Pipeline projects.
“We believe GE will add significant value as we work to make Rio Grande LNG one of the most competitive liquefaction projects in the world. The addition of GE Oil & Gas reaffirms our commitment to use proven technology to provide our customers with low-cost, reliable LNG.”
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By GlobalDataRio Grande LNG, an upcoming LNG export facility at the Port of Brownsville, Texas, along with Rio Bravo Pipeline, is currently undergoing the Federal Energy Regulatory Commission permitting process.
NextDecade, a developer of LNG projects, has signed 30mtpa of non-binding sales agreements for its Rio Grande LNG project.
