NextDecade Advances Rio Grande LNG with New EPC Contracts for Trains 4 & 5, Secures JERA Deal

NextDecade Corporation (NASDAQ:NEXT) is one of the best low priced energy stocks to buy now. On June 13, NextDecade announced that its subsidiaries have finalized an updated engineering, procurement, and construction/EPC contract with Bechtel Energy Inc. for Train 4 and signed a new EPC agreement for Train 5 at its Rio Grande LNG project in Brownsville, Texas, US.

The Rio Grande LNG project is designed to eventually include up to 5 liquefaction trains, each with a production capacity of ~5.4 million tonnes per annum/mtpa of LNG. The overall potential liquefaction capacity for the Rio Grande LNG facility is ~48 mtpa. The revised lump-sum, turnkey EPC contract for Train 4 is valued at ~$4.77 billion.

Regarding progress toward Final Investment Decisions/FIDs for these trains, commercial agreements for Train 4 have been completed, and NextDecade has initiated the financing process. A positive FID for Train 4 is anticipated before the pricing deadline. For Train 5, NextDecade recently announced a 20-year LNG sale and purchase agreement/SPA with JERA for 2 mtpa of offtake.

NextDecade Corporation (NASDAQ:NEXT) is an energy company that constructs and develops activities related to the liquefaction of natural gas in the US.

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Disclosure: None. This article is originally published at Insider Monkey.