Great Lakes to start Rio Grande LNG dredging job later this year

US firm Great Lakes Dredge & Dock expects to start dredging work related to NextDecade’s Rio Grande LNG export project in Texas later this year after it received a notice to proceed.

Back in 2020, NextDecade selected Great Lakes to perform these dredging works, including deepening the Brownsville ship channel.

NextDecade recently took a final investment decision on the first three trains of its Rio Grande LNG export project in Texas and completed $18.4 billion project financing.

It awarded the $12 billion EPC contract to Bechtel and said that some of the remaining expected project costs include owner’s costs and contingencies of about $2.3 billion and dredging for the Brazos Island harbor channel improvement project.

Great Lakes announced the receipt of the notice to proceed to perform essential improvements to the Brownsville ship channel in a statement on Monday, but it did not provide the price tag of the deal.

The dredging firm said this project is the largest undertaken by Great Lakes in its 133-year history.

Moreover, the work includes deepening the entrance channel to the western end of the Rio Grande LNG property also known as Phase 1 of the Brazos Island harbor channel improvements.

This also includes the development of two ship berths and turning basin for the Rio Grande LNG facility.

Great Lakes said this project will enhance commercial navigation into and out of the Port of Brownsville and ensure the safe and reliable access of LNG carriers to the Rio Grande LNG facility.

The firm added that it expects to start this project later this year.

Most Popular

Atlantic LNG shipping rates down, Pacific rates climb

Atlantic spot LNG shipping rates dropped this week, while Pacific rates rose compared to the week before, according to Spark Commodities.

Cheniere nears launch of seventh Corpus Christi expansion train

US LNG exporter Cheniere is close to launching the seventh and final train of the Corpus Christi Stage 3 expansion project in Texas.

Sempra Infrastructure’s Port Arthur LNG inks new gas supply deals

Sempra Infrastructure's Port Arthur LNG has signed three new natural gas sale and purchase deals this year, according to DOE filings.
spot_img

More News Like This

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.

NextDecade appoints new finance chief

US LNG developer NextDecade has appointed John Zuklic as the company’s new chief financial officer, effective July 6.