NextDecade Subsidiary Withdraws Its Application At FERC For Proposed Carbon Capture And Storage Project At The Rio Grande LNG Facility
Portfolio Pulse from Benzinga Newsdesk
NextDecade's subsidiary has withdrawn its application at the Federal Energy Regulatory Commission (FERC) for a proposed carbon capture and storage project at the Rio Grande LNG facility.
August 20, 2024 | 9:01 pm
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NextDecade's subsidiary has withdrawn its application for a carbon capture and storage project at the Rio Grande LNG facility, indicating potential changes in their project plans or strategy.
The withdrawal of the application suggests a potential shift in NextDecade's strategy or project execution, which could lead to uncertainty among investors. This may result in a short-term negative impact on the stock price as investors reassess the company's future plans and potential regulatory challenges.
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