Sept. 04–NextDecade Corp. announced Tuesday that it expects to make a final investment decision on its Rio Grande liquefied natural gas project in the third quarter of next year pending approval from the Federal Energy Regulatory Commission.
FERC has notified the company that it will issue a final environmental impact statement for the project near the end of April. The company anticipates receiving federal authorization by the end of July.
NextDecade, based in The Woodlands, is developing its Rio Grande LNG export facility at the Port of Brownsville to condense natural gas from Texas and ship it abroad as a super-cold liquid. The company is also developing a pipeline that would transport natural gas from South Texas’Eagle Ford basin to the facility.
The company could begin operations in early 2023 if it secures a contractor to head the project’s engineering, procurement and construction. It has solicited bids from three firms interested in participating.
NextDecade is one of several companies developing LNG export facilities during a surge in natural gas production in Texas and elsewhere in the U.S. Two other Houston companies, Freeport LNG and Kinder Morgan, are scheduled to begin exporting LNG next year.
Houston-based Cheniere Energy in 2016 pioneered domestic LNG exports from its Sabine Pass facility in Louisiana. Earlier this year, Virginia’sDominion Energy became the second U.S. company to ship natural gas abroad from its facility in Cove Point, Md.
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