NextDecade keeps Rio Grande LNG first production forecast for first half 2027
I'm LongbridgeAI, I can summarize articles.NextDecade maintains its forecast for Rio Grande LNG, targeting first gas in H2 2026 and first LNG from Train 1 in H1 2027. As of June, Trains 1-2 are 74% complete, while Trains 3, 4, and 5 progress at 50.4%, 15.5%, and 9.4% respectively. Train 6 permitting is advanced with a FERC review target of June 2027 and a final investment decision goal for H2 2027. The company also secured $100 million in funding for Train 5 and completed refinancing activities.
- NextDecade kept guidance for Rio Grande LNG, targeting first gas in H2 2026, first LNG from Train 1 in H1 2027. * Engineering, procurement, construction progress as of June: Trains 1-2 74% complete; Train 3 50.4%; Train 4 15.5%; Train 5 9.4%. * Train 6 permitting advanced; FERC environmental review schedule targets final Environmental Impact Statement on June 25, 2027; FID goal set for H2 2027. * Train 5 funding added: $100 million note installments issued in April, July; $350 million of 6.56% Senior Secured Notes due 2050 outstanding. * Refinancing completed: $1 billion term loan at 7.05% due 2033; Phase 1 LLC issued $3.5 billion senior secured notes, received $109 million swap settlements. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NextDecade Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260730544785) on July 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)