The USD 6.7 billion project is fully funded through a mix of debt, private placements and equity, including USD 1.29 billion each from NextDecade and its partners Global Infrastructure Partners, GIC and Mubadala.
The company signed an agreement to acquire a 10% direct stake in the joint venture developing the train and will offtake 1.5 million tonnes per year (tpy) of LNG. Through its 17.1% stake in NextDecade, it also indirectly holds nearly 7% of the train.