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NextDecade finalises EPC contracts with Bechtel for Rio Grande LNG facility expansion
The contracts have been finalised to construct Train 4 and Train 5 at NextDecade’s Rio Grande LNG facility.

Pradeep Bairaboina 13th Jun 2025

NextDecade has announced the completion of a pricing update for its engineering, procurement, and construction (EPC) contract with Bechtel Energy, covering the construction of Train 4 and related infrastructure at the Rio Grande LNG facility.

In addition, NextDecade has entered into a new EPC contract with Bechtel for the development of Train 5 at the same location.

Under the agreement for Train 4, NextDecade will pay Bechtel approximately $4.77bn. The contract’s pricing remains valid until 15 September 2025. The company estimates additional costs, including contingencies and financing fees, to range from $1.8bn to $2bn. For Train 5, the contract is valued at roughly $4.32bn, with similar additional costs anticipated. The pricing for this contract is also valid through 15 September 2025.

Progress towards the final investment decision (FID) for Train 4 is underway, with commercialisation completed and financing efforts initiated.

NextDecade aims to achieve a positive FID for Train 4 within the pricing validity period, depending on securing adequate financing. Regarding Train 5, NextDecade has signed a 20-year LNG Sale and Purchase Agreement with JERA for 2 million tonnes per annum.

The company is working to commercialise an additional 2.5 million tonnes per annum to support a positive FID, with financing processes already started.

In June last year, Aramco and NextDecade revealed that their subsidiaries have signed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement.

This agreement pertains to the offtake from Train 4 at the Rio Grande LNG Facility, located at the Port of Brownsville, Texas.

https://www.nsenergybusiness.com/news/n ... expansion/