"Phase 1, with nameplate liquefaction capacity of 17.6 MTPA, has 16.2 MTPA of long-term binding LNG sale and purchase agreements with TotalEnergies, Shell NA LNG LLC, ENN LNG Pte Ltd, Engie S.A., ExxonMobil LNG Asia Pacific, Guangdong Energy Group, China Gas Hongda Energy Trading Co., Galp Trading S.A. and Itochu Corporation", NextDecade said. Simultaneously it announced the awarding of the construction right to Bechtel Energy Inc. "Industry experts expect a global shortfall of LNG before 2030, which if not addressed by projects such as RGLNG, may result in a prolonged reliance on other more carbon intensive fuels such as coal and oil." The initial development "is the largest greenfield energy project financing in U.S. history and underscores the critical role that LNG and natural gas will continue to play in the global energy transition", NextDecade said in a media statement July 12. NextDecade earlier in the month announced the final investment decision on Rio Grande LNG's first phase, earmarking $18.4 billion. The work involves the Army Corps of Engineers and the Port of Brownsville, and would "benefit the navigation interests and allows for future development" of the port, Great Lakes president and chief executive Lasse Petterson said in a statement. Great Lakes, which claims to be the biggest provider of dredging services in the USA, noted the contract is the largest in its history, but did not disclose the award value. "This project will enhance commercial navigation into and out of the Port of Brownsville and ensure the safe and reliable access of LNG carriers to the Rio Grande LNG facility." "This also includes the development of two ship berths and turning basin for the Rio Grande LNG facility. "The work includes deepening the entrance channel to the western end of the RGLNG property also known as Phase 1 of the Brazos Island Harbor Channel Improvements", Houston city-based Great Lakes said in a press release. project, which is planned to open to traffic 2027. It announced this week it had received the notice to proceed with the NextDecade Corp. is expecting to start this year work on the Rio Grande LNG export terminal project in Texas.
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