US LNG export player NextDecade has named GE Oil & Gas as the exclusive supplier of gas turbine and compressor equipment for the liquefaction trains of the Rio Grande LNG project and the associated Rio Bravo pipeline.
In addition to the gas turbine and compressor equipment GE Oil & Gas will provide long-term services, life-cycle maintenance, NextDecade said in its statement.
GE Oil & Gas is also providing NextDecade with a common equity investment, and is granted the right to invest up to a specified amount in project-level equity and debt financing for Rio Grande LNG at the time of final investment decision (FID).
NextDecade’s Rio Grande LNG export facility will have a production capacity of 27 mtpa at the Port of Brownsville, Texas. The company has up to date signed 30 mtpa of non-binding sales agreements for the project.
On April 18, NextDecade entered into a definitive merger agreement with Harmony Merger Corp, which would result in NextDecade becoming a publicly listed company. The merger is expected to close late in the second quarter of 2017.