NextDecade Announces Final Investment Decision and Full Funding for Train 5 at Rio Grande LNG Project
Reuters
Oct 17, 2025
NextDecade Announces Final Investment Decision and Full Funding for Train 5 at Rio Grande LNG Project
NextDecade Corporation has announced a positive final investment decision $(FID)$ and secured full financial close for Train 5 at its Rio Grande LNG project. This marks the company's second FID in just over a month. Train 5, with an expected LNG production capacity of approximately 6 million tonnes per annum (MTPA), brings the total capacity under construction at Rio Grande LNG to around 30 MTPA. The funding for Train 5 includes $0.50 billion in private placement notes and $1.29 billion in equity commitments each from NextDecade and its partners, Global Infrastructure Partners, GIC, and Mubadala Investment Company. NextDecade initially holds a 50% economic interest in Train 5, which may increase to 70% after certain financial milestones are met. The project will be constructed by Bechtel Energy under a lump-sum, turnkey EPC contract.
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