Aug 20 (Reuters) - Liquefied natural gas firm NextDecade ( NEXT )

has withdrawn its application at the Federal Energy

Regulatory Commission (FERC) for building a carbon capture and

storage (CCS) facility, the company said on Tuesday.

The company had proposed the project in 2021 to reduce

permitted carbon dioxide emissions at Rio Grande, its LNG

facility in Texas, by more than 90%.

NextDecade ( NEXT ) said its subsidiary Rio Grande LNG has requested

the FERC to terminate the CCS proceeding.

"The CCS project at RGLNG is not sufficiently developed to

allow FERC review to continue at this time," said NextDecade ( NEXT ) CEO

Matt Schatzman.

Earlier this month, a U.S. court overturned the FERC's

authorization for NextDecade's ( NEXT ) Rio Grande LNG project for not

issuing a supplemental environmental impact statement.

The facility has been in development for several years,

suffering repeated delays, and the phase 1 is now expected to

reach completion by early 2029 at an expected cost of about $18

billion.