trending Market Intelligence /marketintelligence/en/news-insights/trending/rBJt0rBwNTaW1err-PMvRQ2 content esgSubNav
In This List

NextDecade issues $15M of common stock to Bechtel subsidiary

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


NextDecade issues $15M of common stock to Bechtel subsidiary

NextDecade Corp. issued $15 million worth of common stock to an affiliate of Bechtel Oil Gas and Chemicals Inc., according to an Oct. 1 news release.

NextDecade previously signed two contracts with the Bechtel Corp. subsidiary for the engineering, procurement and construction of the first phase of the Rio Grande LNG LLC project. In the contracts, Bechtel agreed to receive up to $15 million worth of common stock as payment for some of its activities.

NextDecade's Rio Grande LNG terminal has a proposed production capacity of 27 million tonnes per annum of LNG and is expected to start up in 2023. The project is part of NextDecade's plan to develop an LNG export supply line linking the Permian Basin to the global market.