Articles from NextDecade Corporation

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) announced today that its wholly owned subsidiary, Rio Grande LNG Super Holdings, LLC, has entered into a credit agreement with General Atlantic Credit's (“GA Credit”) Atlantic Park Fund that provides for a $175 million senior secured loan (the “Senior Loan”).

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) today provided an update on developmental and strategic activities for the third quarter and early fourth quarter 2024.

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) announced today that its subsidiary Rio Grande LNG, LLC withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the CCS proceeding.

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) today provided an update on developmental and strategic activities for the second quarter and early third quarter 2024.

Today, the U.S. Court of Appeals for the D.C. Circuit (Court) issued an order vacating the Federal Energy Regulatory Commission’s (FERC) remand authorization of NextDecade Corporation’s (NextDecade) (Nasdaq: NEXT) Rio Grande LNG Facility on the grounds that the FERC should have issued a supplemental Environmental Impact Statement (EIS) during its remand process.

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) announced today that its subsidiary Rio Grande LNG Train 4, LLC (Rio Grande LNG Train 4) has executed a lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel Energy Inc. (Bechtel) for the construction of Train 4 and related infrastructure at the Rio Grande LNG Facility.

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT), announced today that Tarik Skeik has been appointed Chief Operating Officer (COO) of the Company. In this role, Skeik will report to the Chairman and CEO, Matt Schatzman, and further enhance a management team with outstanding experience in major capital project delivery and operations as the Company works to deliver Phase 1 of Rio Grande LNG (RGLNG) safely, on schedule, and within budget, reach positive final investment decisions on RGLNG Trains 4 and 5, and advance its Next Carbon Solutions business.

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) announced today that its subsidiary Rio Grande LNG, LLC (Rio Grande LNG) has issued $1.115 billion of senior secured notes in a private placement. These senior secured notes will accrue interest at a fixed rate of 6.58%. Proceeds from the notes will be used to reduce outstanding borrowings and commitments under Rio Grande LNG’s existing term loan facilities for Phase 1 at the Rio Grande LNG Facility.

Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) (Nasdaq: NEXT) announced today that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA.

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) today provided an update on developmental and strategic activities for the first quarter 2024 and early second quarter 2024.

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.

NextDecade Corporation (NextDecade) (NASDAQNEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) today provided an update on developmental and strategic activities for the third quarter 2023.

NextDecade Corporation (NextDecade, the Company) (NASDAQNEXT) is proud to announce it has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas.

NextDecade Corporation (NextDecade) (NASDAQNEXT) announced today that Rio Grande LNG (RGLNG) has received binding commitments from a syndicate of lenders in an amount sufficient, together with expected project equity funding, to support a positive final investment decision (FID) of the first three liquefaction trains (Phase 1) at the Rio Grande LNG export facility in Brownsville, Texas. The lender group includes the world’s leading Asian, European, Middle Eastern and North American project finance banks.

NextDecade Corporation (NextDecade) (NASDAQNEXT) today announced that it has entered into framework agreements with Global Infrastructure Partners (GIP) and TotalEnergies NYSE: TTENYSETTE)

NextDecade Corporation (NextDecade) (NASDAQNEXT) plans to acquire from the Brownsville Navigation District (BND) 1,500 acres of the Las Lomas ecological preserve as part of its ongoing sustainability and community commitments tied to the Rio Grande LNG (RGLNG) project. NextDecade’s commitments include habitat mitigation, wetland restoration, emissions reductions, and community investments.

Following recent news articles about its financial advisors, NextDecade Corporation (NextDecade) (NASDAQNEXT) is clarifying the following:

NextDecade Corporation (NextDecade) (NASDAQNEXT) announced today the execution of a 15-year sale and purchase agreement (SPA) with Itochu Corporation (Itochu) for the supply of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG (RGLNG) export project in Brownsville, Texas.

NextDecade Corporation (NextDecade) (NASDAQNEXT) announced today a volume increase of the sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte Ltd (ENN), a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. for the supply of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project (RGLNG) in Brownsville, Texas.

NextDecade Corporation (NextDecade) (NASDAQNEXT) announced today the execution of a sale and purchase agreement (SPA) with Galp Trading S.A. (Galp), for the long-term supply of liquefied natural gas (LNG) from NextDecade's Rio Grande LNG (RGLNG) export project in Brownsville, Texas.

NextDecade Corporation (“NextDecade or the “Company”) (NASDAQNEXT) today announced a private placement of common stock pursuant to which NextDecade will sell $85 million of common stock to 10 institutional investors. Shares of NextDecade’s common stock will be sold at $5.50 per share, and the private placement is expected to close on September 19, 2022, subject to the satisfaction of customary closing conditions.

NextDecade Corporation (“NextDecade”) (NASDAQNEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”), an ExxonMobil affiliate, for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.

NextDecade Corporation (“NextDecade”) (NASDAQNEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with Guangdong Energy Group for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously announced on March 24, 2022.

NextDecade Corporation (“NextDecade”) (NASDAQNEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with China Gas Hongda Energy Trading Co., LTD (“China Gas”), a wholly-owned subsidiary of China Gas Holdings Limited (HKEX:00384) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.

NextDecade Corporation (“NextDecade”) (NASDAQNEXT) announced today that its Chief Operating Officer, Ivan Van der Walt, will leave the company to pursue other opportunities, effective June 10, 2022. His legacy is the strong engineering, construction, and regulatory leadership team he assembled that is responsible for helping deliver the Rio Grande LNG export project and the development of NEXT Carbon Solutions proprietary processes.

NEXT Carbon Solutions (NCS), a subsidiary of NextDecade Corporation (NASDAQNEXT) and California Resources Corporation NYSE: CRCNYSECRC)

NextDecade Corporation (“NextDecade”) (NASDAQNEXT) announced today the execution of a 15-year sale and purchase agreement (“SPA”) with ENGIE S.A. (“ENGIE”) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.

NextDecade Corporation (“NextDecade”) (NASDAQNEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ENN LNG (Singapore) Pte Ltd (“ENN LNG”), a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. (“ENN”) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.

NextDecade Corporation (“NextDecade”) (NASDAQNEXT) announced today the execution of a binding Heads of Agreement (“HOA”) with Guangdong Energy Group Natural Gas Co., Ltd. (“Guangdong Energy”) for the long-term supply of liquefied natural gas (“LNG”) for 20 years from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

Today, the U.S. Court of Appeals for the D.C. Circuit issued an order and a separate opinion related to the Federal Energy Regulatory Commission’s (FERC) authorization of NextDecade’s Rio Grande LNG export project (RGLNG).

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) announced today that it has agreed to sell $5.0 million of Series C Convertible Preferred Stock (Series C Preferred Stock). The Series C Preferred Stock is being issued in a private placement to TEP Next Decade, LLC, an affiliate of Energy & Power Transition Partners, LLC (EPTP).

NextDecade Corporation (NextDecade or the Company) (NASDAQNEXT) today announced that the Board of Directors has appointed Mr. Ivan Van der Walt as Chief Operating Officer effective July 1, 2021, and Ms. Vera de Gyarfas as General Counsel and Corporate Secretary effective July 12, 2021.

NextDecade Corporation (NextDecade) (NASDAQNEXT) and Project Canary announced today the formation of a joint pilot project for monitoring, reporting, and independent third-party measurement and certification of the greenhouse gas (GHG) intensity of liquefied natural gas (LNG) to be sold from NextDecade’s Rio Grande LNG export facility in the Port of Brownsville, Texas.

NextDecade Corporation (NextDecade) (NASDAQNEXT) and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR ProcessTM, a post-combustion carbon capture technology to be applied at NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.