Rio Grande LNG receives DOE authorization to export to Free Trade Agreement countries
The US Department of Energy (DOE) authorized the export of LNG from NextDecade’s proposed Rio Grande LNG facility to Free Trade Agreement (FTA) countries.
Responding to the application filed in December 2015, the DOE order authorizing the export of up to 27 MMtpy of LNG for a 30-year term was granted on August 17, 2016, subject to Rio Grande LNG’s continued compliance with customary regulatory obligations as determined by all relevant agencies.
In November 2015, NextDecade announced it had signed non-binding agreements for 14 MMtpy of LNG with customers across Asia and Europe. Since then, that number has grown to 30 MMtpy, demonstrating a continued desire for US-produced LNG from customers around the world, and specifically, a desire for LNG from NextDecade.
NextDecade expects to receive FERC approval for Rio Grande LNG in 2017 with initial LNG exports shipping by the end of 2020.
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