NextDecade and CB&I Complete Rio Grande LNG FEED Update, Reconfirm Market-Leading Cost Estimates
NextDecade Corporation (NEXT)
US:NASDAQ Investor Relations:
next-decade.com/investors
Company Research
Source: Business Wire
EPC cost estimates are consistent with or lower than previous estimates THE WOODLANDS, Texas--(BUSINESS WIRE)-- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that it has completed the Front-End Engineering & Design (FEED) update package with CB&I (NYSE: CBI) for the proposed Rio Grande LNG project in South Texas. The update incorporates identified cost reduction and value improvement initiatives and reconfirms market-leading EPC cost estimates for three trains of $490 per ton with a target of $450 per ton. For two trains the EPC cost estimate improves to $535 per ton with a target of $500 per ton. Utilizing Air Products’ AP-C3MR™ liquefaction technology and GE rotating equipment to achieve optimal configuration and economies of scale, “Rio Grande LNG stands out thanks to its proven project design allowing for low risk, highly competitive economics across multiple build scenarios,”
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News
- Long-Term LNG Contracts Review 2021-2023 [Yahoo! Finance]Yahoo! Finance
- NextDecade targets Rio Grande LNG Train 4 FID in this year's second half [Seeking Alpha]Seeking Alpha
- NextDecade targets Train 4 final investment decision at Texas LNG facility in H2 2024 [Yahoo! Finance]Yahoo! Finance
- NextDecade Provides Fourth Quarter 2023 Business Update [Yahoo! Finance]Yahoo! Finance
- NextDecade Provides Fourth Quarter 2023 Business UpdateBusiness Wire
NEXT
Earnings
- 11/13/23 - Beat
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Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- 3/26/24 - Form 4
- NEXT's page on the SEC website