January 4, 2022 – Reuters
NextDecade delays Rio Grande LNG decision until second half
By: Marcy De Luna
NextDecade has agreed to supply Royal Dutch Shell (RDSa.L) with 2 million metric tons per year of LNG over 20 years from the proposed facility near Brownsville, Texas.
The plant will have a minimum of two trains producing 11 million metric tons per year, the company said.
The project would include the capture and storage of more than 5 million metric tons per year of carbon dioxide.
Several U.S. LNG projects have been delayed as low prices from coronavirus-induced demand destruction caused buyers to back away from signing long-term supply contracts.
Analysts at consultants RBN Energy have said developers will probably go forward with three new LNG projects over the next year: Cheniere's (LNG.A) Stage 3 expansion at Corpus Christi in Texas, Venture Global's Plaquemines in Louisiana and Tellurian Inc's Driftwood in Louisiana.
Read the full article here: https://www.reuters.com/business/energy/us-be-worlds-biggest-lng-exporter-2022-2021-12-21/
