- NextDecade (NASDAQ:NEXT) finalizes EPC contract refresh for Train 4 and executes a new EPC contract for Train 5 with Bechtel at Rio Grande LNG Facility.
- Train 4's EPC contract with Bechtel is valued at approximately $4.77 billion, while Train 5's is approximately $4.32 billion.
- NextDecade projects additional owner’s costs, contingencies, and financing fees of $1.8-$2.0 billion for each train's infrastructure.
NextDecade Corporation (NASDAQ:NEXT) announced the finalization of a pricing refresh of its lump-sum, turnkey engineering, procurement, and construction (EPC) contract with Bechtel Energy Inc. for the construction of Train 4 at the Rio Grande LNG Facility. The agreement is valued at approximately $4.77 billion, with pricing validity extending through September 15, 2025. In addition, the company has executed a new lump-sum, turnkey EPC contract with Bechtel for Train 5, valued at approximately $4.32 billion, adhering to the same pricing validity period.
NextDecade forecasts that additional owner's costs, including contingencies, financing fees, and interest during construction, will range from $1.8 to $2.0 billion for each train's supporting infrastructure. With the commercialization of Train 4 completed, the company has initiated its financing process, targeting a positive final investment decision (FID) before the end of the pricing validity period. Similarly, Train 5 has a 20-year, 2.0 million tonnes per annum (MTPA) LNG Sale and Purchase Agreement (SPA) with JERA and is working on securing further agreements to support a positive FID within the same timeframe.
NextDecade, headquartered in Houston, Texas, is committed to providing reliable, lower carbon energy solutions through its natural gas liquefaction and carbon capture and storage infrastructure. With approximately 48 MTPA of potential liquefaction capacity under construction or development at the Rio Grande LNG Facility, the company continues to focus on delivering secure, sustainable energy solutions.
