NextDecade Corporation Approves Final Investment Decision for Train 5 of Rio Grande LNG Facility

"NextDecade Corporation has announced a positive final investment decision (FID) for Train 5 of its Rio Grande LNG facility in Brownsville, Texas, following the FID for Train 4 in September 2025. The company secured financing totaling approximately $6.7 billion for the project, which includes contributions from various investors and financial institutions. The legal firm Latham & Watkins LLP provided advisory services for the financing and joint venture arrangements. This decision accelerates the development of the LNG facility, which has already seen prior FIDs for the first three trains in 2023."

Latham & Watkins LLP advised NextDecade Corporation and its subsidiaries and affiliates in connection with the financing and joint venture arrangements for Train 5 of its Rio Grande LNG facility. NextDecade Corporation has made a positive final investment decision (FID) on Train 5 of its multi-train natural gas liquefaction and LNG export facility in Brownsville, Texas. This decision follows the FID of Train 4 announced in September 2025 and is supported by a series of committed financings totaling approximately US$6.7 billion, which includes various facilities and equity commitments from notable investors. The Latham team involved in this transaction included partners Jason Webber, Hamad Al-Hoshan, Christopher Peponis, Pamela Kellet, David Miller, Jim Cole, Yvette Valdez, and Carlos Alvarez. Associates who contributed to the transaction were Alice Parker, Robert Cunningham, Melanie von Staa Toledo, Braydon Jones, Andres Chester, Mariana de Medeiros Ferez, Hyunjong (Josh) Ryu, Yoon Lee, Conrad Proulx, Victoria Gross, Zainab Hashmi, Harrison Little, Silvia Martin, Carlos Diaz, Siyao Liu, and Jacob Nagelberg.

NextDecade Corporation Approves Final Investment Decision for Train 5 of Rio Grande LNG Facility

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