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NextDecade will take FID on Rio Grande LNG in 2020

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LNG Industry,


According to the latest Reuters report, NextDecade has reaffirmed that it still intends to make a final investment decision (FID) on its Rio Grande LNG export plant in 2020, in response to reports of a delay to the process.

The confusion regarding a delay to the FID originated from a filing by NextDecade with US securities regulators late on Friday 8 May. The filing was made with regards to a delay in the company releasing its quarterly earnings report until 18 May, from the original deadline of 11 May.

Within the filing, in compliance with federal guidance, the company included a COVID-19 risk factor describing the potential impacts of the pandemic on its business. The impacts listed included a possible delay to the Rio Grande LNG FID.

In an email to Reuters, a NextDecade spokeswoman reportedly clarified the current situation regarding the FID schedule, saying that in its recent filing the company did not provide an update on its project’s FID timing.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/12052020/nextdecade-will-take-fid-on-rio-grande-lng-in-2020/

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