NextDecade secures equity commitments for fourth Rio Grande LNG train

NextDecade secures equity commitments for fourth Rio Grande LNG train

NextDecade said in an SEC filing on Monday that its units have entered into subscription agreements with subsidiaries of TotalEnergies and GIP. Under the agreements, TotalEnergies will provide up to $300 million for a 10 percent stake in the Train 4 joint venture, according to NextDecade. On the other hand, GIP will provide up to $1.5 billion for a 50 percent stake in the Train 4 JV, with the economic interest reducing to 30 percent upon the ach…