The Federal Energy Regulatory Commission (FERC) has issued an order authorizing the siting, construction and operation of the proposed Rio Grande LNG export facility in Brownsville, Texas and the associated Rio Bravo Pipeline.
The LNG terminal will be built by LNG development company NextDecade which is focusing on LNG export projects and associated pipelines in Texas.
As informed, the proposal foresees a 984-acre facility at the Port of Brownville with a total capacity of 27 million tons per annum.
Issuance of the FERC order marks an extremely important milestone for our project. We appreciate the comprehensive and rigorous review of our project conducted by the FERC and numerous other federal, state and local agencies over the last four and a half years,
…said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer.
NextDecade currently anticipates finalizing important commercial milestones during the fourth quarter of 2019 and first quarter of 2020, prior to an anticipated final investment decision (FID) in the first quarter of 2020.
Construction of the facility is expected to commence shortly after FID with commercial operations slated for late 2023.
The company is expected to take Final Investment Decision in the first quarter of 2020.