05:17 PM EDT, 09/09/2025 (MT Newswires) -- NextDecade ( NEXT ) said Tuesday it has reached a positive final investment decision for its fourth liquefaction plant, known as Train 4, at its flagship Rio Grande project.

The liquefied natural gas producer secured around $6.7 billion in financing for project-related costs for Train 4, it said.

The liquefaction plant is projected to have LNG production capacity of around 6 million tons per annum, supported by long-term agreements with oil giants such as ADNOC, TotalEnergies, and Aramco.

The total LNG production capacity under construction at Rio Grande LNG is expected to be around 24 million tons per annum.

The company aims to reach a positive final investment decision on Train 5 in the fourth quarter, it added.