NextDecade announced on Friday that it has made a positive Final Investment Decision (FID) on Train 5 at its Rio Grande LNG export facility in South Texas. This comes just a little over a month after the company reached FID on Train 4. Each train will produce approximately 6 MTPA of LNG, which equates to 0.8 Bcf/d. Train 5 was supported by Sale and Purchase Agreements (SPAs) with JERA, EQT and ConocoPhillips. Train 4’s SPAs were with ADNOC, TotalEnergies and Saudi Aramco.
Train 5 joins a spate of LNG facilities that have reached FID this year, including CP2, Port Arthur Phase 2, Woodside’s Louisiana LNG, Trains 8-9 of Corpus Christi Stage III, and the fourth train of Rio Grande. LNG feedgas has been extremely high recently at more than 16 Bcf/d for every day over the past 11 days. Export capacity is now anticipated to more than double by 2032 as seen in the chart below.
