NextDecade Corporation announced May 28 the signing of two contracts with Bechtel Oil, Gas and Chemicals for the engineering, procurement and construction (EPC) of NextDecade’s Rio Grande LNG proposed project at the Port of Brownsville.
The EPC contracts are for the first phase of the Rio Grande LNG project, which consists of three liquefaction trains, two 180,000 cubic meter storage tanks and two marine berths totaling $9.565 billion. Each liquefaction train is expected to have capacity up to 5.87 million tons per annum of LNG, which would generate an EPC cost of approximately $543 per ton for the first three trains.
“Bechtel’s extensive experience developing LNG projects on the U.S. Gulf Coast, along with our advantaged site and technology choices, is expected to enable NextDecade – in just the first three trains – to have the lowest cost per ton greenfield LNG project built on the U.S. Gulf Coast under a fully wrapped lump-sum turnkey EPC contract,” said Matt Schatzman, NextDecade’s President and Chief Executive Officer.
