Overview
- Committed financing totals about $6.7 billion, including a $3.59 billion term loan, $0.50 billion in private placement notes, and $2.58 billion in equity from NextDecade and partners GIP, GIC, and Mubadala.
- Bechtel received a full notice to proceed under a lump-sum turnkey EPC contract as Train 5 advances toward guaranteed substantial completion and DFCD in the first half of 2031.
- Train 5 adds roughly 6 mtpa of capacity, lifting Rio Grande LNG’s under-construction capacity to about 30 mtpa.
- Commercial support covers 4.5 mtpa through 20-year sale-and-purchase agreements with JERA, EQT Corporation, and ConocoPhillips.
- NextDecade received $117 million at financial close, and its economic interest in Train 5 is set to rise from 50% to 70% after investors achieve agreed returns; the decision follows last month’s FID on Train 4 with Trains 6–8 moving into permitting and site potential for up to 10 trains.