NextDecade signs $4.327B EPC contract with Bechtel for Rio Grande LNG Train 4

NextDecade Corp

Contract price $4.327B for lump sum turnkey EPC of Train 4, including €263.9M in euro-denominated equipment.
Bechtel to build one LNG train, 180,000m³ tank, ground flare, and utilities for Trains 4 and 5.
Performance guarantees, liquidated damages for delay, early production bonus for early completion.
Bechtel must provide 10% letter of credit and parent company guaranty; maximum force majeure cost adjustment capped at $25M.
RG4 must demonstrate sufficient funds or firm lender commitments before full notice to proceed; limited notice to proceed until Dec 15, 2026.

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