The port of Brownsville in Texas
Rio Grande lights the way for US LNG
Texas export facility’s remarkable turnaround will give fresh hope to other gas projects looking to secure FID
LNG developer NextDecade’s announcement of FID on construction of the first three liquefaction trains at its Rio Grande LNG export facility may have been expected in mid-July but that should not diminish its significance. The plant could be a bellwether for other US LNG projects, the fate of which may lie in the balance. The Texas LNG project has suffered repeated delays after being in development for several years, largely due to the ramp-up of pressure against gas amid an increasing climate focus from banks financing the deal. The $18.4b committed for Phase 1 is the largest greenfield energy project financing in US history and underscores the critical role that gas and LNG will continue to
Also in this section
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
