NextDecade secures $356-MM loan for Rio Grande LNG Phase 1
(Reuters) - NextDecade said on Wednesday it has received a loan worth $356 million from a group of lenders to finance a portion of the Phase 1 of its Rio Grande LNG export facility in Texas.
The LNG firm said the full amount was disbursed on Sept. 15, leading to lowering of its existing loan commitments for Phase 1 to under $10.8 billion from $11.1 billion.
Located at Brownsville, Texas, the Rio Grande LNG export facility has been in development for several years, suffering repeated delays.
The facility, with a capacity to produce 27 million tons per annum of LNG, received a positive final investment decision to construct the first three liquefaction trains (Phase 1) in July.
The $18.4 billion committed for Phase 1 is the largest greenfield energy project financing in U.S. history.
Related News
Related News
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Comments