US liquefied natural gas business NextDecade Corporation has taken a final investment decision for Train 4 of Rio Grande LNG, a Texas-based export project with an annual capacity of six million tonnes.
At the same time, French energy company TotalEnergies confirmed it would take a 10% direct stake in the joint venture developing Train 4, joining NextDecade, Global Infrastructure Partners, GIC and Mubadala.
Additionally, it will indirectly hold nearly 7% more through its 17.1% ownership in NextDecade.
Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies, said the move increased the company’s US LNG export capacity to over 16 million tonnes per annum by 2030.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Monday, 22nd September at 10:28AM
