NextDecade Provides Third Quarter 2023 Business Update
Retrieved on:
Monday, November 13, 2023
Environment, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Climate Change, FEED, FID, Senior, Engineering, Fid, Movement, Port, Investment, History, GIP, MTPA, Federal Energy Regulatory Commission, NTP, Train, FERC, Natural gas, Lower Rio Grande Valley, GIC, TotalEnergies, Global Infrastructure Partners, EPC, Bank, Renewable energy, Construction, Nursing, Security (finance), LNG
NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter 2023.
Key Points:
- NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter 2023.
- NextDecade holds equity interests in the Phase 1 joint venture that entitle NextDecade to receive up to 20.8% of the distributions of available cash during operations.
- In September 2023, Rio Grande entered into a credit agreement with a group of lenders for $356 million of senior secured loans.
- As of September 2023, progress on Trains 1 through 3 is in line with the schedule under the EPC contracts.