NextDecade’s chief operating officer departs

NextDecade, developer of the Rio Grande LNG export plant in Texas, said that its chief operating officer, Ivan Van der Walt, has decided to leave the company.

Effective June 10, he will leave the company to “pursue other opportunities,” according to a statement by NextDecade.

NextDecade appointed Van der Walt as COO in June last year. He joined the firm in July 2018 serving as senior vice president, engineering and construction.

His legacy is the “strong” engineering, construction, and regulatory leadership team he assembled that is responsible for helping deliver the Rio Grande LNG export project and the development of NEXT Carbon Solutions proprietary processes, NextDecade said.

“Ivan has helped grow NextDecade and his leadership has helped ensure we have the right team and processes in place to begin the construction of Rio Grande LNG in the second half of this year,” NextDecade’s CEO Matt Schatzman said in the statement.

NextDecade revealed three LNG supply deals for the first two trains of its planned Rio Grande facility this year.

These include the most recent deal with France’s Engie, and a contract the firm signed with a unit of Chinese independent gas distributor ENN. Prior to that, it revealed a deal with Chinese state-owned utility Guangdong Energy.

The US firm first aims to build two liquefaction trains with a capacity of 11 mtpa while the full project would include five trains with a capacity of 27 mtpa.

Assuming the achievement of further LNG contracting and financing, NextDecade expects making a positive final investment decision on a minimum of two trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining three trains to follow thereafter, it confirmed in the new statement.

Most Popular

Atlantic spot LNG rates drop below $80,000 per day

Atlantic spot LNG shipping rates continued to drop this week, decreasing below $80,000 per day, according to Spark Commodities.

MISC orders LNG vessel for charter to Petronas

Malaysian LNG shipping firm MISC has ordered one 18,700-cbm LNG carrier from China's Hudong-Zhonghua, backed by a 10-year charter deal with a unit of its parent Petronas.

Allseas bags Ksi Lisims LNG pipeline gig

Swiss-based offshore contractor Allseas has secured a contract from Houston-based Western LNG to install the subsea section of the Prince Rupert Gas Transmission (PRGT) pipeline in northwest Canada, which will deliver natural gas to the planned Ksi Lisims LNG export facility.
spot_img

More News Like This

NextDecade inks deal with Baker Hughes to secure equipment for sixth Rio Grande LNG train

US LNG developer NextDecade has signed a reservation agreement with compatriot Baker Hughes to secure main refrigeration compressors for the planned sixth liquefaction train at its Rio Grande LNG terminal in the Port of Brownsville, Texas, according to Matt Schatzman, NextDecade chairman and CEO.

Adnoc’s XRG boosts stake in NextDecade’s Rio Grande LNG

Adnoc's investment unit XRG has completed the previously announced acquisition of an additional equity interest in Trains 4 and 5 of NextDecade's Rio Grande LNG terminal in Texas.

NextDecade’s Rio Grande LNG in $3.5 billion senior notes offering

NextDecade's partially-owned subsidiary Rio Grande LNG priced an offering of $3.5 billion in senior secured notes.

NextDecade secures $1 billion Rio Grande LNG loan

A unit of US LNG firm NextDecade has entered a $1 billion term loan to support the first three trains of the Rio Grande LNG project in Texas.