(Specifies the name of facility in headline of March 18 story)
March 18 (Reuters) -
Energy company NextDecade ( NEXT ) said on Tuesday that the
U.S. Court of Appeals for the District of Columbia had revised
its August 2024 judgment against the energy regulator's order
allowing the construction of the company's LNG project in Texas.
NextDecade's ( NEXT ) flagship facility has been in development for
several years and has already suffered repeated delays.
The revised court decision sends the Federal Energy
Regulatory Commission's order regarding the first five
liquefaction trains at the Rio Grande LNG facility back for
further review, while the order itself remains in place.
"We are pleased with today's revised court judgment, which
ensures construction at the Rio Grande LNG facility will not be
impacted by the court," said chief executive officer Matt
Schatzman.
The court ruled last year to
overturn
the FERC's approval for the initial phase of the company's
$18.4 billion Rio Grande LNG project. It ordered the regulator
to reconsider the project's impact, which could require a new
environmental impact statement and a public comment period.
The first phase of the project, with a capacity of 17.61
million tons per annum of liquid gas, was scheduled to be
completed by early 2029 at an estimated cost of $18 billion.