TotalEnergies reaches FID with its Partners on Rio Grande LNG Train 4
with a 10% Direct Participating Interest and 1.5 MT LNG offtake
London, September 10, 2025, (Oilandgaspress) ––– TotalEnergies has signed agreements with NextDecade to take a 10% stake in the joint venture developing Train 4 of Rio Grande LNG (RGLNG), a liquefied natural gas (LNG) plant project located in South Texas. In addition to the 10% held directly, TotalEnergies will hold indirectly next to 7% in this Train 4 as a 17.1% shareholder of NextDecade.
At the same time, TotalEnergies, NextDecade (40%), and their partners Global Infrastructure Partners (GIP, 36.9%), GIC (7.9%), and Mubadala (5.2%) made the Final Investment Decision (FID) for the development of Train 4.
This fourth train, which has a capacity of approximately 6 million tons per annum (Mtpa), will bring the plant’s total capacity to approximately 24 Mtpa when it comes online in 2030. The project’s overall cost will be financed with approximately 40% equity and 60% debt.
“We are very pleased with the FID of RGLNG Train 4. This project from which we will offtake 1.5 Mtpa strengthens our LNG export capacity from the United States,” said Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies. “It gives TotalEnergies access to competitive LNG thanks to its low production costs. The LNG from this fourth train will increase TotalEnergies’ U.S. LNG export capacity to over 16 Mtpa by 2030, further enhancing our ability to contribute to gas supply and building on our 10% market share worldwide.”
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