NextDecade Corporation has announced a significant agreement to advance the development of the fourth liquefaction train of the Rio Grande LNG Facility. Through its subsidiaries, NextDecade has entered into subscription agreements with Global LNG North America Corp., a subsidiary of TotalEnergies SE, and GIP V Velocity Aggregator T4, L.P. These agreements entail equity commitments of approximately $0.3 billion and $1.5 billion, respectively, in exchange for corresponding equity interests in the project. Additionally, NextDecade's subsidiary has committed up to $1.2 billion for a 40% equity interest, which could increase to 60% based on specific investment returns. This development marks a crucial step towards the realization of the Train 4 Project, subject to the fulfillment of certain closing conditions.
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