NextDecade Will Move Ahead on $18.4 Billion Texas LNG Plant
- Project will supply customers in Europe and Asia from 2027
- Third LNG project to reach final investment decision this year
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NextDecade Corp. is pushing forward with its Texas liquefied natural gas export project, which the company has said will supply customers in Asia and Europe starting in 2027.
The Houston-based company closed on an agreement to move ahead with phase one of the project after lining up $18.4 billion in financing. That includes $5.9 billion in commitments from Global Infrastructure Partners, GIC, Mubadala Investment Co. and TotalEnergies SE, according to a statement Wednesday.