NextDecade Corp has said that a final investment decision for its Rio Grande LNG project would again be delayed, this time until the second half of 2022.
The $15.7 billion project, which would produce 27 million metric tons per year at full capacity, has been twice delayed since 2020. It was originally expected to start producing LNG in 2023.
NextDecade has agreed to supply Royal Dutch Shell with 2 million metric tons per year of LNG over 20 years from the proposed facility near Brownsville, Texas.
The plant will have a minimum of two trains producing 11 million metric tons per year.
Analysts at consultants RBN Energy have said developers will probably go forward with three new LNG projects over the next year: Cheniere's Stage 3 expansion at Corpus Christi in Texas, Venture Global's Plaquemines in Louisiana and Tellurian Inc's Driftwood in Louisiana.
