TotalEnergies, NextDecade, GIP to Develop Texas LNG Project
14 Juni 2023 - 9:30AM
Dow Jones News
By Adria Calatayud
TotalEnergies said Wednesday that it has signed an agreement
with U.S. energy company NextDecade and investment firm Global
Infrastructure Partners to jointly develop the first phase of a
liquefied natural gas project in Texas.
Under the agreement, TotalEnergies will take a 16.7% interest in
the first phase of the Rio Grande LNG project, which consists of
three liquefaction trains with total annual capacity of 17.5
million metric tons a year, it said. GIP will be the majority
shareholder and NextDecade will be the operator, TotalEnergies
said.
The French energy major will buy a 17.5% stake in NextDecade for
$219 million in three steps as part of the deal, with an initial
5.06% stake already acquired on Tuesday for $40 million.
Final investment decision on the project is expected in coming
weeks for start-up in 2027, TotalEnergies said. The project has
received necessary authorizations from U.S. Federal Energy
Regulatory Commission, the company said.
TotalEnergies said it will take 5.4 million tons a year from the
first phase for 20 years, bringing its U.S. LNG export capacity to
more than 15 million tons a year by 2030.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 14, 2023 03:15 ET (07:15 GMT)
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