November 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The first phase of NextDecade LNG LLC's (NASDAQ:NEXT) (Houston, Texas) Rio Grande export facility for liquefied natural gas (LNG) in Texas is on schedule and on budget, the developer said amid concerns over a market glut.

NextDecade is building its Rio Grande facility near the Brownsville shipping channel on the Texas Gulf Coast. The facility is permitted for as much as 1.3 billion cubic feet (Bcf) of liquefied natural gas (LNG) exports per year.