NextDecade Delays Rio Grande LNG Decision until Second Half

The project would include the capture and storage of more than 5 million metric tons per year of carbon dioxide.

Marcy de Luna, Reuters

U.S. LNG developer NextDecade Corp. said on Jab. 3 that a final investment decision for its Rio Grande LNG project would again be delayed, this time until the second half of the year.

The $15.7 billion project, which would produce 27 million metric tons per year at full capacity, has been twice delayed since 2020. It was originally expected to start producing LNG in 2023.

The company disclosed the latest delay in a presentation to investors on Jan. 3. It did not give a reason.

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