Houston-based NextDecade Corp. (Nasdaq: NEXT) has secured land for a large-scale liquefied natural gas export terminal along the Port of Brownsville on the southern Texas coast.
Rio Grande LNG LLC, a NextDecade subsidiary, entered into a lease agreement with the Brownsville Navigation District for a 984-acre parcel of land in Cameron County, according to a press release. The lease is for an initial 30-year term and includes two options for 10-year extensions.
The 27 million-tons-per-annum Rio…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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