Page 9 - GLNG Week 12 2023
P. 9
GLNG AMERICAS GLNG
Construction delayed for NextDecade’s
Rio Grande LNG facility
US NEXTDECADE’S Rio Grande LNG terminal in heating needs of about 20mn households,
Texas has suffered a setback with construction roughly the equivalent of all the households in
The company is now pushed back as the company is now expecting a New York and California.
expecting a final final investment decision (FID) before the end of Rio Grande LNG, which is situated on a 984-
investment decision the second quarter. Previous timelines had called acre (398-hectare) site on the banks of an uncon-
before the end of the for an FID to be taken before March 31. gested deepwater channel, is the largest privately
second quarter. Upstream reports that the company made an funded infrastructure project in Texas.
8-K filing with the US Securities and Exchange Upon completion, Rio Grande LNG will be
Commission to extend the price validity of its the first LNG project in the US to provide CO2
construction contract with Bechtel Energy to emissions reduction of over 90% by utilising
run until to June 15. carbon capture and storage (CCS) technology.
The project is being developed in the Port of The facility will be capable of capturing and per-
Brownsville in multiple stages. The first phase, manently storing over 5mn tpy of CO2, which
which will include engineering, procurement is equivalent to taking more than one million
and construction (EPC) of the first three trains vehicles off the road annually.
for a combined capacity of 16mn tonnes per year The announcement comes as Venture Glob-
(tpy), is predicted to have an aggregate lump- al’s Plaquemines LNG export terminal in Lou-
sum cost of $11.5bn. isiana revealed earlier this month that it has
The facility will be increased to five trains reached FID to support the construction of the
in later stages, raising total capacity to roughly second phase of its 20mn tpy nameplate capacity
27mn tpy, which is enough to meet the yearly facility.
Week 12 24•March•2023 www. NEWSBASE .com P9
