05:34 PM EDT, 08/14/2024 (MT Newswires) -- NextDecade ( NEXT ) said Wednesday it's making progress on building phase 1 of the Rio Grande LNG facility in Texas on schedule and advancing train 4 expansion capacity to a final investment decision.

Construction of phase 1 "continues to progress very positively," NextDecade ( NEXT ) Chief Executive Officer Matt Schatzman said in a statement.

Schatzman said the company doesn't agree with a recent decision from the DC Circuit Court to vacate the Federal Energy Regulatory Commission's remand authorization of the Rio Grande facility.

"We are committed to taking any and all available legal and regulatory actions to ensure that phase 1 will be delivered on time and on budget and that [the final investment decision] of trains 4 and 5 will not be unduly delayed," Schatzman said.

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