![]() Set to come on line in 20, it includes an amended $10.5-billion contract, up from about $8.9 billion in 2020 when proposed.Ī similarly sized Port Arthur phase 2 project is under development, the company said, but it has faced legal battles with activists over air pollution impacts. Rio Grande’s final financing decision follows the March announcement by developer Sempra Infrastructure to okay the $13-billion Port Arthur LNG project first phase, with Bechtel Energy also named as EPC for the export plant in Port Arthur, Texas. "We need to actively forecast and manage labor availability and supply chain like never before."īechtel has already been working on the project for five years under several limited notices to proceed. "Labor has grown as an inflationary concern for everyone in the industry," Marsden told Reuters. The project has a goal to hire at least 35% of its workforce from the Rio Grande Valley, a NextDecade spokeswoman said at a local event in May. He said that the project is expected to create 5,000 jobs during peak construction. ![]() ![]() Baker Hughes and Air Products were selected in July to supply liquefaction equipment and technology, In advance of construction start at the Rio Grande site, Bechtel has released more than 70 purchase orders, including for civil, structural, mechanical, piping, and instrumentation, Marsden told ENR in an email. The project also would include a planned carbon capture system that its developer said can store an estimated 90% of carbon dioxide emissions, but local opposition remains to the storage approach and other project impacts. A NextDecade spokeswoman said the project has "set aside about 4,000 acres" for wetland mitigation and habitat protection. The overall LNG facility will occupy 750 acres of greenfield, including 182 acres of wetlands, on a 984-acre waterfront tract in the Port of Brownsville, what is described as the last major deepwater port in Texas that has no large fossil fuel projects. NextDecade told regulators last quarter of its final investment delay to “late June”-also extending what was then an estimated $11.5-billion EPC first-phase price agreement with Bechtel Energy to June 15-and saying at the time that pricing would be determined with that investment announcement. appeals court in 2021.Īlso approved by FERC related to the Rio Grande project is the estimated $2.4 billion, 135-mile Rio Bravo pipeline, to be built separately by energy firm Enbridge, which will deliver 4.5 billion cu ft of Permian gas per day to the export facility. In what were long-anticipated actions, the Federal Energy Regulatory Commission approved the project on April 21 after re-evaluating its effect on climate change and on local communities as ordered by a U.S. NextDecade had planned to finalize the Rio Grande investment in 2019 and start construction in 2022, with one year added to the original target completion date of 2026, due to tighter credit, market shifts and numerous project opponent lawsuits. Patrick Pouyanné, chairman of the latter firm, said “LNG from this first phase will boost export capacity to over 15 million tons per year by 2030.” and French energy firm TotalEnergies, under a joint venture agreement. ![]() history.” It includes about $5.9 billion of commitments from Global Infrastructure Partners, GIC, Mubadala Investment Co. NextDecade also announced its final investment decision for phase one, stating that the $18.4-billion financial package “is the largest greenfield energy project financing in U.S.
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