TotalEnergies acquired a 16.7% equity interest in NextDecade's Rio Grande LNG Phase 1.
In July 2023, NextDecade (NASDAQ: NEXT) announced it has made a positive final investment decision to construct the first three liquefaction trains at the company's 27 million tonnes per annum Rio Grande LNG export facility in Brownsville, Texas.
NextDecade said it executed and closed a joint venture agreement for Phase 1 which included approximately $5.9 billion of financial commitments from Global Infrastructure Partners, GIC, Mubadala Investment, and TotalEnergies.