NextDecade (NEXT) announced that it has initiated the pre-filing process with the Federal Energy Regulatory Commission for expansion at Rio Grande LNG that includes a sixth liquefaction train and an additional marine berth. The company expects to file a full application for this expansion with FERC in 2026. “With five trains now under construction at Rio Grande LNG and space at the site to potentially double capacity, we are intently focused on the next phase of growth for NextDecade, and today we have advanced the permitting process for our expansion capacity by initiating a pre-filing with FERC for Train 6,” said Matt Schatzman, NextDecade’s chairman and CEO. “We look forward to working with FERC and other agencies throughout the Train 6 permitting process, as we expand our liquefaction capacity to deliver reliable, cost-effective and lower-carbon energy to the world.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEXT:
- NextDecade Corp options imply 6.0% move in share price post-earnings
- NextDecade Subsidiary Amends Credit Agreement for $50M Loan
- NextDecade Corp options imply 4.6% move in share price post-earnings
- Saudi Aramco set to sign U.S. LNG pacts next week, Reuters reports
- NextDecade’s Financial Outlook: Hold Rating Amid Conservative Margin Assumptions and Liquidity Concerns
