NextDecade eyes first LNG from Rio Grande Train 1 in 2027

Nextdecade

02/03/2026 15:28

March 2 (Reuters) - U.S liquefied natural gas producer NextDecade NEXT.O said on Monday it expects the first LNG production from its first liquefaction plant, known as a train, at its Rio Grande facility in the first half of 2027.

Shares of the company rose nearly 10% in morning trade.

Commercial activity in the LNG sector in the U.S., the world's largest exporter of the fuel, has been increasing rapidly after President Donald Trump lifted a moratorium on new export permits soon after taking office last year.

The company also said it was evaluating multiple areas on the site for the development of Trains 7 and 8, and it expects to advance the development of these trains throughout 2026.

"There is sufficient space at the Rio Grande LNG Facility site for up to 10 liquefaction trains," the company said in a statement.

As of January 2026, project completion for Trains 1 and 2 at the Rio Grande LNG Facility had reached 64.5%, it said.

 (Reporting by Varun Sahay in Bengaluru; Editing by Devika Syamnath)

 ((Varun.Sahay@thomsonreuters.com;))