Global Infrastructure SherpaTotalEnergies and Partners Make Final Investment Decision for Rio Grande LNG Project Phase 1 in Texas
USD14.8B
Deal Value
17.5 MW
Capacity
TotalEnergies, Global Infrastructure Partners (GIP), NextDecade Corporation, GIC, and Mubadala have made the final investment decision (FID) to develop phase 1 of the Rio Grande LNG (RGLNG) project in South Texas. This phase involves 3 liquefaction trains with a total capacity of 17.5 million tons per annum (Mtpa) and a CAPEX of $14.8 billion. The project, scheduled for commissioning in 2027, will be financed by equity contributions from the partners and debt from an international banks' consortium, with Bechtel awarded the EPC contract.
Get daily gas deal alerts — free, no spam.
Counterparts (7)
Partner
G
Global Infrastructure Partners (GIP)
NextDecade Corporation
NextDecade Corporation is focused on delivering lower-carbon energy through liquefied natural gas (LNG) infrastructure. They are developing the Rio Grande LNG (RGLNG) facility near Brownsville, Texas, with a focus on supplying LNG to customers around the world.
GIC
GIC is a global long-term investor established in 1981 to manage Singapore’s foreign reserves. They are invested in more than 40 countries worldwide with a mandate to preserve and enhance Singapore's international purchasing power over the long term.
Mubadala
Mubadala Investment Company is a sovereign wealth fund that invests across a variety of sectors and geographies. They have a growing interest in renewable energy and sustainable technologies as part of their broader investment strategy.
Subscribe to access full counterpart details, deal analysis, and timeline.
Subscribe from €20/mo →Deal Analysis
The $14.8 billion final investment decision for Rio Grande LNG Phase 1 locks in a massive 17.5 Mtpa of new liquefaction capacity for South Texas by 2027. This isn't just a big number; it's a significant commitment from a diverse group including global energy giant TotalEnergies, infrastructure specialist GIP, and developer NextDecade, which is specifically focused on lower-carbon LNG. The involvement of sovereign wealth funds GIC, managing Singapore's foreign reserves, and Mubadala, with its growing interest in sustainable technologies, underscores the long-term institutional confidence in the project's future. With Bechtel taking on the EPC contract and an international banks' consortium providing debt, the financing and execution plan for the three liquefaction trains appears robust.
- $14.8 billion CAPEX for Phase 1
- 17.5 Mtpa capacity across 3 liquefaction trains
- Commissioning targeted for 2027
- Equity partners include Singapore's GIC and UAE's Mubadala
Timeline
Announced
Jul 13, 2023
Signed
Closed
Get the full picture — timeline, source intelligence, and counterpart analysis.
Subscribe from €20/mo →