Natural gas company NextDecade (NEXT), on Monday announced that it will receive up to $3 billion in equity commitments from TotalEnergies (TTEF.PA) and Global Infrastructure Partners (GIP) to finance the fourth liquefaction train at its Rio Grande LNG export project in Texas.
Under the deals, TotalEnergies' subsidiary Global LNG North America will invest about $300 million for a 10% stake, while GIP V Velocity Aggregator T4 will commit roughly $1.5 billion for a 50% stake. Once GIP achieves certain returns, its share will drop to 30%.
NextDecade, through its subsidiary ND Train 4 Member, will contribute up to $1.2 billion for a 40% stake, which will increase to 60% after GIP's returns threshold is met.
The funding will cover construction of Train 4 and related common facilities. The agreements also allow for other investors, including MIC TI Holding Company 2 RSC Limited, to join the financial consortium.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.