NextDecade Corp. has announced that the US Federal Energy Regulatory Commission (FERC) has issued an order authorising the siting, construction and operation of NextDecade’s proposed Rio Grande LNG export facility in Brownsville, Texas and the associated Rio Bravo Pipeline.
“Issuance of the FERC order marks an extremely important milestone for our project,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “We appreciate the comprehensive and rigorous review of our project conducted by the FERC and numerous other federal, state and local agencies over the last four and a half years.”
NextDecade currently anticipates finalising important commercial milestones during 4Q19 and 1Q20, prior to an anticipated final investment decision (FID) in 1Q20. Construction of the facility is expected to commence shortly after FID with commercial operations slated for late 2023.