Historical Stock Chart
2 Years : From Oct 2017 to Oct 2019
NextDecade Corporation (“NextDecade”) (NASDAQ: NEXT) announced today
that the Federal Energy Regulatory Commission (“FERC”) has issued a
notice of schedule for environmental review of NextDecade’s Rio Grande
LNG project in South Texas, as well as the associated Rio Bravo Pipeline
to originate in the Agua Dulce area.
According to the notice, FERC will issue its final Environmental Impact
Statement (EIS) on April 26, 2019, based on issuance of a draft EIS in
October 2018. FERC has established a 90-day Federal Authorization
Decision Deadline on July 25, 2019.
Assuming a favorable FERC order, NextDecade anticipates a final
investment decision on the project in 3Q 2019.
Rio Grande LNG and Rio Bravo Pipeline regulatory timeline
Section 3(a) & 7(c) FERC Application
May 5, 2016
Draft Environmental Impact Statement
Final Environmental Impact Statement
April 26, 2019
Federal Authorization Decision Deadline
July 25, 2019
About NextDecade Corporation
NextDecade is an LNG development company focused on LNG export projects
and associated pipelines in Texas. NextDecade intends to develop a
portfolio of LNG projects, including the 27 mtpa Rio Grande LNG export
facility in Brownsville, Texas and the 4.5 Bcf/d Rio Bravo Pipeline that
would transport natural gas from the Agua Dulce area to Rio Grande LNG.
NextDecade’s common stock is listed on the Nasdaq Capital Market under
the symbol “NEXT.” NextDecade is headquartered in The Woodlands, Texas.
Located at the Port of Brownsville in South Texas, NextDecade’s Rio
Grande LNG project is expected to be a leader among second wave U.S. LNG
projects. NextDecade believes its customers and shareholders will
benefit from the project’s experienced leadership, proven approach, and
optimal location. NextDecade’s technology selections are expected to
foster operational reliability and afford NextDecade’s customers access
to reliable, low-cost, abundant natural gas from the Permian Basin,
Eagle Ford Shale, and other basins.
Learn more at www.next-decade.com.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the
meaning of U.S. federal securities laws. The words “believe,” “expect,”
“intend,” “plan,” “potential,” and similar expressions are intended to
identify forward-looking statements, and these statements may relate to
the business of the Company and its subsidiaries. These statements have
been based on the Company’s current assumptions, expectations, and
projections about future events and involve a number of known and
unknown risks, which may cause actual results to differ materially from
expectations expressed or implied in the forward-looking statements.
These risks include uncertainties about the Company’s Rio Grande LNG and
Rio Bravo pipeline projects and other matters discussed in the “Risk
Factors” section of the Company’s Annual Report on Form 10-K for the
year ended December 31, 2017 and other subsequent reports filed with the
Securities and Exchange Commission, all of which are incorporated herein
Any development of the projects remain contingent upon completing
required commercial agreements; acquiring all necessary permits and
approvals; securing all financing commitments and potential tax
incentives; achieving other customary conditions; and making a final
investment decision to proceed. The forward-looking statements in this
press release speak as of the date of this release. Although the Company
believes that the expectations reflected in these forward-looking
statements are reasonable, the Company can give no assurance that the
expectations will prove to be correct. The Company may from time
to time voluntarily update its prior forward-looking statements,
however, it disclaims any commitment to do so except as required by
View source version on businesswire.com: https://www.businesswire.com/news/home/20180904005211/en/
Helmer+1 (281) firstname.lastname@example.org