
Liquefaction/Upstream
August 29, 2025
NextDecade secures equity commitments for fourth Rio Grande LNG train
NextDecade secured $1.8 billion in equity commitments from TotalEnergies and Global Infrastructure Partners (GIP) to finance Train 4 at its Rio Grande LNG project in Texas. TotalEnergies will take a 10% stake, GIP up to 50% (reducing to 30% after return thresholds), and NextDecade up to 40% (rising to 60%). The deal is subject to final investment decision, which NextDecade targets for September 2025.


