This strong increase in LNG production capacity will ease gas supply concerns and prices. It is expected to make natural gas a buyers’ market. [Gas in Transition, Volume 3, Issue 11]
NextDecade Corp shares fell 23% on Thursday on investor worries over the terms of $18.4 billion financing the U.S. liquefied natural gas developer obtained to go ahead with the long-delayed Phase 1 of Rio Grande LNG export facility.
A positive final investment decision (FID) has been reached to construct the first three liquefaction trains – or Phase 1 – of NextDecade’s Rio Grande LNG export facility in Brownsville, Texas, has been reached.
The banking crisis that started with the failure of Silicon Valley Bank (SVB) is putting major U.S. LNG projects at risk, as rising interest rates and supply chain issues introduce financial challenges that have already led to delays.
Under the 20-year Sales and Purchase Agreement, China Gas will purchase 1.0 million tpy of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas, US.