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...In March, French banking giant Société Générale withdrew its financial support from NextDecade’s Rio Grande LNG project, proposed in Brownsville, Texas....
...Two other projects that developers had hoped would reach FID by the end of March — Energy Transfer’s Lake Charles conversion and Next Decade’s Rio Grande terminal — have been delayed to later in the year...
...And Next Decade is set to give the final go-ahead to its Rio Grande project by the end of June. US LNG export capacity stood at about 87mn tonnes/year last December....
...Engie has now committed to buy the equivalent of 2.4bn cubic metres a year of gas from NextDecade’s proposed Rio Grande LNG export plant on the coast of southern Texas....
...It was a major blow to NextDecade and its hopes for building the $10bn Rio Grande LNG plant in southern Texas. But with energy security now clearly back at the fore, the deal was revived....
...That came after a similar announcement in March from project developer NextDecade, which said it had added plans to capture and store about 90 per cent of the CO2 emissions from its proposed $8bn Rio Grande...
...NextDecade, a US LNG developer, revealed plans in March to capture and store carbon emitted by its proposed Rio Grande LNG plant on the US Gulf coast....
...“Our balance sheet is strong, we have no debt outstanding and the fundamentals of our Rio Grande LNG project remain firmly intact,” said Matt Schatzman, NextDecade chief executive....
...At the mouth of the Rio Grande river in Texas, three companies in November won federal permission to collectively export more than 37m tonnes a year....
...In addition, three companies — Annova LNG, Rio Grande LNG and Texas LNG — are in the final stage of obtaining permits to build a trio of gas liquefaction plants representing nearly $39bn in investment that...
...They are laying steel pipes, some beneath the Rio Grande riverbed, to export billions of cubic feet more US shale gas to markets in Nuevo León, Guanajuato and other Mexican states....
...BHP Billiton was down 5.2 per cent in afternoon trading in Sydney, while stablemate Rio Tinto was down 4.4 per cent, and LNG producer Woodside Petroleum fell 3.2 per cent....
...The firm said on Tuesday that it had acquired Fogo de Chão, founded in Brazil’s southern cowboy state of Rio Grande do Sul in 1979, from GP Investments, the country’s biggest private equity group....
...Rio from increasing its stake....
...Grande....
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