
Liquefaction/Upstream
November 6, 2025
NextDecade Takes FID on Fifth Rio Grande LNG Train
NextDecade has taken a final investment decision (FID) on the fifth train at its Rio Grande LNG terminal in Texas, fully funding the $6.7 billion project and issuing a notice to proceed to Bechtel. The 6 mtpa Train 5 brings total capacity under construction to about 30 mtpa and is backed by 20-year SPAs with JERA, EQT, and ConocoPhillips. Substantial completion and first commercial delivery are expected in the first half of 2031.


