NextDecade targets first LNG from Rio Grande Train 1 in H1 2027
NEXT•Rio Grande LNG schedule and construction update
- NextDecade kept guidance for first LNG from Rio Grande LNG Train 1 in H1 2027; first gas is expected in H2 2026.
- Construction on Trains 1-5 ran ahead of schedule and within budget; Trains 1-2 reached 74% overall completion by June.
- Train 6 expansion advanced with a FERC application; the final Environmental Impact Statement is scheduled for June 25, 2027.
- The Train 6 timeline supports a final investment decision target in H2 2027; a reservation agreement was signed with Baker Hughes for compressors.
- Project financing shifted to longer-dated debt, including $3.5 billion in senior secured notes; Phase 1 HoldCo added a $1 billion term loan.
