NextDecade gets $175 million loan for Rio Grande LNG

US LNG firm NextDecade, the developer of the Rio Grande LNG export plant in Texas, has secured a loan worth $175 million. NextDecade’s unit Rio Grande LNG Super has entered into a credit agreement with General Atlantic Credit’s Atlantic Park Fund that provides for the senior secured loan. According to a statement by NextDecade, proceeds…

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

Petrovietnam units plan new LNG-to-power project

PV Power and PV Gas, units of state-owned Petrovietnam, signed cooperation agreements to secure gas supplies for power plants in southwestern Vietnam and explore developing an integrated liquefied natural gas (LNG) project in the northern port city of Hai Phong.

Colombia’s Ecopetrol ditches LNG import tenders

Colombia’s state-owned energy firm Ecopetrol has rejected five-year liquefied natural gas (LNG) supply offers, saying that the minimum commercial conditions were not met.

Poland’s Gaz-System moves forward with Gdansk LNG jetty work

Poland’s state-owned LNG terminal operator, Gaz-System, is advancing construction of the jetty which will host the first floating storage and regasification unit (FSRU) for its LNG import project in Gdansk.

More News Like This

NextDecade secures permit for sixth Rio Grande LNG train

US LNG developer NextDecade has secured the US Army Corps of Engineers permit for the Rio Grande LNG Train 6 expansion project.

NextDecade’s Rio Grande LNG gets FERC OK to boost capacity

US LNG developer NextDecade has secured a green light from the Federal Energy Regulatory Commission to increase approved capacity at its Rio Grande LNG terminal in the Port of Brownsville, Texas.

Sterling delivers Rio Grande LNG tug

Texas-based Sterling Shipyard has delivered a tug to a joint venture comprised of Bay-Houston Management, Moran Towing, and Suderman & Young Towing. The new tug will serve NextDecade's Rio Grande LNG project in Texas.

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.