NextDecade signs agreement with GE Oil & Gas
NextDecade has entered into an agreement with GE Oil & Gas to advance liquefied natural gas (LNG) exports project and pipelines in Texas, US.
As part of the agreement, GE will act as the exclusive supplier of gas turbine and compressor equipment for the liquefaction trains on NextDecade’s proposed Rio Grande LNG project, including the associated Rio Bravo Pipeline.
The pipeline system includes two 42-inch, 221-km gas lines from the Agua Dulce Market Area, Kingsville to the LNG site outside Brownsville.
The gas turbine and compressor equipment supplied to NextDecade will come with long-term services, life-cycle maintenance agreements, and GE performance guarantees.
GE will also provide NextDecade with a common equity investment, and is granted the right to invest up to a specified amount in project-level equity and debt financing for Rio Grande LNG at the time of final investment decision.
The project is currently being reviewed by the Federal Energy Regulatory Commission (FERC).
For more information visit the NextDecade website.
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