NextDecade and Baker Hughes Partner on LNG Expansion at Rio Grande Facility

NextDecade Corporation and Baker Hughes have signed a framework agreement for improving the efficiency and reliability of the Rio Grande LNG Facility. The deal includes NextDecade integrating Baker Hughes' latest gas turbine and refrigerant compressor technology for trains 4 to 8 in the facility. Long-term maintenance services will also be provided by Baker Hughes for maximum performance.

Improving Efficiency and Reliability

NextDecade’s Chairman and CEO, Matt Schatzman,stated that using Baker Hughes’ advanced rotating equipment and maintenance services is essential for ensuring the efficient and reliable operation of the Rio Grande LNG Facility.He further expressed anticipation for continued collaboration with Baker Hughes as the company advances its plans to establish the Rio Grande LNG Facility as one of the largest LNG production and export sites globally.

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Update on Rio Grande LNG Expansion

Lorenzo Simonelli, Chairman and CEO of Baker Hughes, said,"Baker Hughes is proud to continue our long-standing relationship with NextDecade, providing advanced gas technology solutions that enhance the efficiency and reliability of their LNG operations.

He added,"This agreement is a further example of our commitment to delivering innovative solutions in support of increasing energy demand.”

NextDecade is advancing commercialization of Units 4 and 5 in the Rio Grande LNG Facility. Final investment and the start of construction of the units are expected in the near term, subject to obtaining needed government permits, executing EPC contracts, obtaining commercial agreements, and obtaining appropriate financing.

NextDecade is also in the early stages of building and obtaining permits for Trains 6 through 8.These extra units, owned entirely by NextDecade, will add to the company's overall liquefaction capacity by about 18 million tons a year upon completion.