NextDecade Signs EPC Contracts with Bechtel for Rio Grande LNG Project
NextDecade Corporation (NextDecade) announced that it has signed two contracts with Bechtel Oil, Gas and Chemicals (Bechtel) for the engineering, procurement, and construction (EPC) of NextDecade’s proposed Rio Grande LNG export project in Brownsville, Texas. According to the press release, the “fully wrapped lump-sum turnkey (“LSTK”) EPC contracts include cost, schedule, and performance guarantees. 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.”