(In paragraph 3 corrects to say "a final order on the remand",

not "a final order to proceed with the project"; in paragraph 4

corrects to say "in an email response to Reuters", and not "in a

regulatory filing".)

*

NextDecade ( NEXT ) awaits supplemental environmental approval for

Train

4

*

TotalEnergies invests $300 million for 10% stake in Train

4

*

TotalEnergies declines long-term contract for NextDecade's ( NEXT )

proposed Train 5

Aug 11 (Reuters) - U.S. liquefied natural gas developer

NextDecade ( NEXT ) will receive up to $1.8 billion in equity

commitments from TotalEnergies and Global

Infrastructure Partners (GIP) to finance a fourth liquefaction

plant at its Rio Grande LNG export project in Texas, the company

said on Monday.

The move brings NextDecade ( NEXT ) one step closer to a positive

financial decision on the 5.4 million metric tons per annum

(mtpa) facility, known as Train 4. A liquefaction plant converts

natural gas to a liquid, allowing its transport over long

distances.

NextDecade ( NEXT ) is awaiting a final order on the remand for the

project from the Federal Energy Regulatory Commission; FERC has

completed the final environmental impact statement and its staff

last week recommended the project be allowed to proceed.

Based on FERC's published schedule, it anticipates a final

order on the remand by November 20, NextDecade ( NEXT ) said on Monday in

an email response to Reuters.

TotalEnergies will contribute about $300 million for a 10%

stake in the Train 4 joint venture, while a GIP affiliate will

invest up to $1.5 billion for a 50% interest, which will fall to

30% once certain return thresholds are met, NextDecade ( NEXT ) said.

NextDecade ( NEXT ), through its subsidiaries, will provide up to

$1.2 billion for a 40% interest, which could rise to 60% after

GIP reaches agreed returns, according to the filing.

TotalEnergies has a long-term agreement with NextDecade ( NEXT ) to

purchase 1.5 million metric tons of LNG from Train 4 but has

declined to invest or purchase the superchilled gas on a

long-term contract from NextDecade's ( NEXT ) proposed Train 5 export

facility.

NextDecade ( NEXT ) has entered into a fixed-price contract for the

construction of Train 4 with Bechtel for $4.77 billion, but the

price is only valid until September 15, according to the

company.

NextDecade ( NEXT ) is building its Rio Grande LNG facility with a

capacity of 17.6 mtpa, and is developing Trains 4 and 5 with a

combined additional capacity of 10.8 mtpa. The projects are

expected to assist the U.S. remain as the largest LNG exporter

in the world.