NextDecade Proceeds With Texas LNG Plant Phase 1 Construction, Projects Gets Massive $18.4B Financing
Portfolio Pulse from Lekha Gupta
NextDecade Corp (NEXT) has announced the final investment decision for Phase 1 construction at its Rio Grande LNG export facility in Texas. The project has secured $18.4 billion in financing, the largest greenfield energy project financing in U.S. history. The financing includes a joint venture deal with commitments from TotalEnergies SE (TTE), GIC, Global Infrastructure Partners, and Mubadala Investment Company. NEXT shares are trading higher by 1.30% premarket.
July 13, 2023 | 11:40 am
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POSITIVE IMPACT
NextDecade Corp has secured a record $18.4 billion in financing for its Texas LNG plant, which is expected to boost its stock.
The news of the record financing for NextDecade Corp's LNG plant is a significant positive development for the company. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
TotalEnergies SE is part of the joint venture deal for NextDecade Corp's Texas LNG plant, which could have a positive impact on its stock.
TotalEnergies SE's involvement in the joint venture deal for NextDecade Corp's LNG plant could be seen as a positive move by investors, potentially leading to a rise in the company's stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 75