NextDecade keeps Rio Grande LNG first production forecast for first half 2027
NEXT•Financing and notes updates
Train 5 funding added: $100 million note installments were issued in April and July, and $350 million of 6.56% Senior Secured Notes due 2050 remained outstanding.
Refinancing was completed with a $1 billion term loan at 7.05% due 2033. Phase 1 LLC issued $3.5 billion in senior secured notes and received $109 million in swap settlements.
Rio Grande LNG guidance and construction progress
NextDecade kept guidance for Rio Grande LNG, targeting first gas in H2 2026 and first LNG from Train 1 in H1 2027.
Engineering, procurement and construction progress as of June:
- Trains 1-2: 74% complete
- Train 3: 50.4% complete
- Train 4: 15.5% complete
- Train 5: 9.4% complete
Train 6 permitting advanced; the FERC environmental review schedule targets a final Environmental Impact Statement on June 25, 2027, with a final investment decision goal set for H2 2027.
