NextDecade (NEXT) said Friday it plans to expand capacity at the Rio Grande liquefied natural gas facility site in Texas beyond trains 1 through 5.
The company is developing and preparing to begin the permitting process for train 6 and commencing the development of trains 7 and 8, Chief Executive Matt Schatzman said.
The project's phase 1 includes three liquefaction trains with a total nameplate capacity of about 18 million tons per annum of LNG output, the company said.
Shares of NextDecade were up 3.9% in recent premarket activity.
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