Shell agreed to buy 2mtpa of LNG from the proposed facility. Credit: Ratfink1973/Pixabay.

NextDecade has further postponed the final investment decision (FID) for its $15.7bn Rio Grande liquefied natural gas (LNG) project in the port of Brownsville, Texas, until the second half of 2022.

The project was originally planned to start LNG production in 2023, but has been deferred twice since 2020.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company did not provide a reason for the latest delay.

The Rio Grande LNG project is expected to produce 27 million metric tonnes per annum (MTPA) at full capacity.

NextDecade previously stated that first phase of the project would have included a minimum of two liquefaction trains.

See Also:

Commenting on the latest move, environmental group Sierra Club spokesperson Gabby Brown was quoted by Reuters as saying: “Pushing off their final investment decision by yet another year is only delaying the inevitable.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We will continue to fight to ensure that this project is never built. NextDecade should accept reality and cancel this disastrous project once and for all.”

Royal Dutch Shell agreed to purchase two million metric tonnes per year of LNG from the proposed facility over a 20-year period.

Situated on a 984-acre site, the Rio Grande LNG project is one of the largest privately funded infrastructure projects in Texas.

In a presentation to investors, NextDecade said that the project is fully permitted to add five trains. It will have four 180,000m3 full containment LNG storage tanks, natural gas pre-treatment facilities, and truck loading facilities.

The project is also expected to be able to capture and store more than five million metric tonnes of carbon dioxide per year.