NextDecade's Rio Grande LNG Train 4 Agreed To Pay Bechtel ~$4.3B For The Work Under The EPC Contract For Train 4; Total Estimated Project Costs Are Expected To Be $6B-$6.2B For Train 4 And Related Infrastructure
Portfolio Pulse from Benzinga Newsdesk
NextDecade Corporation (NASDAQ:NEXT) has announced that its subsidiary Rio Grande LNG Train 4, LLC has signed a $4.3 billion EPC contract with Bechtel Energy Inc. for the construction of Train 4 and related infrastructure at the Rio Grande LNG Facility. The total estimated project costs are expected to be $6.0-$6.2 billion. The company aims for a positive Final Investment Decision in the second half of 2024.
August 05, 2024 | 8:55 pm
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NextDecade Corporation has signed a $4.3 billion EPC contract with Bechtel for the construction of Train 4 at the Rio Grande LNG Facility. The total project costs are estimated to be $6.0-$6.2 billion. The company targets a positive Final Investment Decision in the second half of 2024.
The signing of a significant EPC contract with Bechtel and the projection of total project costs provide clarity and progress on the Rio Grande LNG Train 4 project. This is likely to be viewed positively by investors as it indicates forward movement and potential future revenue streams.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100