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Reston, Bechtel, based in Virginia was completed and executed $ 9 billion in contracts For construction work at the installation of Rio Grande LNG in Brownsville, Texas, according to a statement from the oil and gas -based gas firm based on Houston Nextdecade, the owner of the installation.
Nextdecade said that his subsidiaries ended a refreshment of prices for his pass, in hand engineering, hiring and hiring with Bechtel for the construction of the 4 train and the related infrastructure, according to the statement. He also executed an EPC contract with Bechtel for similar jobs with the next train 5.
The company will pay Bechtel about $ 4.77 billion for the EPC contract for train 4, according to the statement, and $ 4.32 million for train work 5.
In addition, both contracts have price validity clauses that extend until September 15, according to the statement. Zacks Equity Research, a Chicago -based investment service company, said that this clause implies that Bechtel will not increase costs associated with these two trains before the list date.
Bechtel is already building Phase 1 of the Rio Grande LNG plant for $ 12 billion, including the first three settlement trains at the installation.
The project was successful in 2024 after a federal appeal court annulled the authorization of the Federal Energy Regulatory Commission for train 4. The court said that the agency should have issued an additional environmental impact statement before approving the creation.
However, in March, the court annulled its previous decision, which Allow Nextdecade to occurAccording to the Office Office Orrank, Herrington and Sutcliffe, which represented Nextdecade.
Ferc issued a SEI project for the first five settlement trains at the Rio Grande LNG installation in March, with a final Segi published in July. A corporate presentation of may be that the Esperi Ferc company re -authorize the project in November.
It Global percentage of project completion For trains 1 and 2 and the common facilities of the installation of Rio Grande LNG was 42.8% from March, according to the update of the first quarter of Nextdecade in May. For train 3, it was 17.8%and all three figures were in line with the time line by virtue of the EPC contract.
