NextDecade Corporation has announced the finalization of a refreshed engineering, procurement, and construction $(EPC)$ contract with Bechtel Energy Inc. for Train 4, along with the execution of a new EPC contract for Train 5 at its Rio Grande LNG Facility. The agreement for Train 4 involves a payment of approximately $4.77 billion to Bechtel, while the Train 5 contract is valued at around $4.32 billion. Both contracts include infrastructure development and are set to culminate in final investment decisions (FIDs) before the pricing validity period ends on September 15, 2025. NextDecade has commenced the financing process for both projects, with the commercialization of Train 4 completed and ongoing efforts to secure commercial support for Train 5. The projected additional costs for each train, including owner's costs, contingencies, financing fees, and interest during construction, are estimated at $1.8-$2.0 billion.
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