NextDecade completes EPC repricing for Rio Grande LNG

NextDecade Corp. and Bechtel Oil, Gas, and Chemicals Inc. have completed repricing of their lump-sum turnkey engineering, procurement, and construction (EPC) agreements for the first three trains at NextDecade’s 27-million tonne/year (tpy) Rio Grande LNG project in Brownsville, Tex.

The repricing had no impact on the overall cost of the project: $7 billion for two trains, $9.6 billion for three. The pricing is now valid until Dec. 31, 2021. NextDecade and Bechtel also agreed to extend the validity of the agreements until July 31, 2022.

NextDecade anticipates achieving a final investment decision on a minimum of two trains at Rio Grande LNG in 2021. The plant’s overall capacity is based on a planned five-train configuration (OGJ Online, July 15, 2020).