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As building of the primary section will get underway in South Texas close to the Mexico border, NextDecade Corp. is trying to finalize plans by mid-2024 to increase its Rio Grande LNG export challenge.
The Houston-based agency broke floor in Brownsville on the primary three trains of the ability final month, which might add 17.6 million metric tons/yr (mmty) of export capability to the worldwide market by 2027. NextDecade reached a closing funding determination (FID) on Rio Grande LNG in July after securing $18.4 billion in financing, making it one of the costly U.S. greenfield power tasks thus far.
In a 3rd quarter enterprise replace, the agency famous that it had already began the method of front-end engineering and design (FEED) and securing engineering procurement and building (EPC) for a fourth practice with Bechtel Corp., its EPC contractor on the primary section.
“We’re additionally centered on commercializing and reaching a constructive FID for Prepare 4 within the second half of 2024, and subsequently progressing Prepare 5,” CEO Matt Schatzman stated. “We anticipate these FERC authorised expansions to profit from our Section 1 fairness companions’ choices to take part in Prepare 4 and Prepare 5, and TotalEnergies’ LNG offtake choices” for 1.5 mmty per practice.
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TotalEnergies netted its choices for future volumes in June when it agreed to a 5.4 mmty offtake and 16.67% fairness deal for Rio Grande’s first section. If the French main have been to drag the set off on further offtake, NextDecade estimates it must contract a further 3 mmty earlier than reaching FID on every successive practice.
NextDecade additionally has gross sales and buy agreements for the primary section with eight different corporations, together with majors ExxonMobil and Shell plc.
Rio Bravo
The challenge has continued to face regulatory and authorized challenges from environmental teams regardless of the Federal Vitality Regulatory Fee’s determination to reapprove its authorizations earlier within the yr. In August 2021, a federal appeals court docket remanded the authorization determination and its associated pipeline challenge, the Rio Bravo system, again to FERC.
In a lately revealed environmental evaluation (EA), FERC workers concluded the modification to Rio Bravo’s path would permit the system to be constructed with out main environmental impacts.
In 2020, main midstreamer Enbridge Inc. purchased NextDecade’s pipeline subsidiary with plans to construct and function the 4.5 Bcf/d system supposed to feed Rio Grande. The 137-mile Rio Bravo system would consist of dual 42-inch diameter pipelines and run from the Agua Dulce provide hub close to Corpus Christi to the liquefaction facility.
In July, Enbridge submitted to FERC an modification to the pipeline’s path it stated would decrease impacts to the habitat of the endangered ocelot and tackle native landowner issues.
In its EA, FERC workers wrote the route “would additionally consequence within the pipeline affecting fewer wetlands, forest lands and prime farmland soils.”
Feedback on the EA are being taken till Dec. 14.
The put up NextDecade Targets 2024 to Sanction Rio Grande LNG Enlargement appeared first on Pure Fuel Intelligence
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