04:57 PM EDT, 10/16/2025 (MT Newswires) -- NextDecade ( NEXT ) said Thursday it has made a positive final investment decision on Train 5 at Rio Grande LNG.

The company also said it completed deals to fully fund Train 5 and related infrastructure, and issued full notice to proceed to Bechtel Energy for the project under under an engineering, procurement, and construction contract.

Train 5 has expected LNG production capacity of about 6 million tonnes per annum, which will bring the total expected LNG production capacity under construction at Rio Grande LNG to roughly 30 MTPA, NextDecade ( NEXT ) said.

Guaranteed substantial completion date for Train 5 is expected in H1 2031, the company said, adding project costs for Train 5 and related infrastructure are expected to be about $6.7 billion

NextDecade ( NEXT ) shares were up nearly 2% in after-hours activity.