{"id":452452,"date":"2021-03-08T08:03:19","date_gmt":"2021-03-08T13:03:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452452"},"modified":"2021-03-08T08:03:19","modified_gmt":"2021-03-08T13:03:19","slug":"nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/","title":{"rendered":"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) and Bechtel Oil, Gas, and Chemicals, Inc. (Bechtel) have completed a pricing refresh on the fully wrapped lump-sum turnkey (LSTK) engineering, procurement, and construction agreements for the first three trains at NextDecade\u2019s Rio Grande LNG project (EPC Agreements) resulting in no impact to the overall cost of the project. The pricing in the EPC Agreements is now valid until December 31, 2021. Additionally, NextDecade and Bechtel agreed to extend the validity of the EPC Agreements until July 31, 2022.\n<\/p>\n<p>\n\u201cWe value our strong partnership with Bechtel, the world\u2019s leading LNG EPC contractor,\u201d said Matt Schatzman, NextDecade\u2019s Chairman and Chief Executive Officer. \u201cOur global LNG customers, feed gas suppliers, and other stakeholders can have the utmost confidence in the on-time and on-budget delivery of our Rio Grande LNG project. We are pleased to continue to progress our engineering and procurement activities under limited notices to proceed, and we look forward to providing Bechtel with a full notice to proceed with the development of this world-class project immediately following FID.\u201d\n<\/p>\n<p>\nNextDecade anticipates achieving a final investment decision on a minimum of two trains at Rio Grande LNG in 2021.\n<\/p>\n<p><b>About NextDecade Corporation<\/b><\/p>\n<p>\nNextDecade Corporation (NextDecade) is a liquefied natural gas (LNG) company focused on delivering the 27 mtpa Rio Grande LNG export facility in South Texas. Rio Grande LNG will be the largest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. Utilizing carbon capture and storage technology and proprietary processes, NextDecade is targeting carbon neutrality at Rio Grande LNG. NextDecade\u2019s common stock is listed on the Nasdaq Stock Market under the symbol \u201cNEXT.\u201d NextDecade is headquartered in Houston, Texas. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.next-decade.com&amp;esheet=52391917&amp;newsitemid=20210308005180&amp;lan=en-US&amp;anchor=www.next-decade.com&amp;index=1&amp;md5=523cf4940afde2629bb49fc084f6b2b3\">www.next-decade.com<\/a>.\n<\/p>\n<p><b>NextDecade Forward-Looking Information<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words \u201canticipate,\u201d \u201ccontemplate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cbelieve,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201ccan have,\u201d \u201clikely,\u201d \u201ccontinue,\u201d \u201cdesign\u201d and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade\u2019s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade\u2019s LNG liquefaction and export projects and the timing of that progress; NextDecade\u2019s final investment decision (\u201cFID\u201d) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the \u201cTerminal\u201d) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party\u037e NextDecade\u2019s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal\u2019s and the third-party pipeline&#8217;s construction and operations activities\u037e NextDecade\u2019s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; the 2019 novel coronavirus pandemic and its impact on NextDecade\u2019s business and operating results, including any disruptions in NextDecade\u2019s operations or development of the Terminal and the health and safety of NextDecade\u2019s employees, and on NextDecade\u2019s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade\u2019s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade\u2019s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the \u201cRisk Factors\u201d section of NextDecade\u2019s Annual Report on Form 10-K for the year ended December 31, 2019 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference.\n<\/p>\n<p>\nAdditionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210308005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210308005180\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210308005180\/en\/<\/a><\/span><\/p>\n<p>\nPatrick Hughes<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:phughes@next-decade.com\">phughes@next-decade.com<br \/>\n<\/a><br \/>+1 (832) 209-8131\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Energy Environment Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210308005180\/en\/863578\/3\/NextDecade_Vertical.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements HOUSTON&#8211;(BUSINESS WIRE)&#8211; NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) and Bechtel Oil, Gas, and Chemicals, Inc. (Bechtel) have completed a pricing refresh on the fully wrapped lump-sum turnkey (LSTK) engineering, procurement, and construction agreements for the first three trains at NextDecade\u2019s Rio Grande LNG project (EPC Agreements) resulting in no impact to the overall cost of the project. The pricing in the EPC Agreements is now valid until December 31, 2021. Additionally, NextDecade and Bechtel agreed to extend the validity of the EPC Agreements until July 31, 2022. \u201cWe value our strong partnership with Bechtel, the world\u2019s leading LNG EPC contractor,\u201d said Matt Schatzman, NextDecade\u2019s Chairman and Chief Executive Officer. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452452","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements HOUSTON&#8211;(BUSINESS WIRE)&#8211; NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) and Bechtel Oil, Gas, and Chemicals, Inc. (Bechtel) have completed a pricing refresh on the fully wrapped lump-sum turnkey (LSTK) engineering, procurement, and construction agreements for the first three trains at NextDecade\u2019s Rio Grande LNG project (EPC Agreements) resulting in no impact to the overall cost of the project. The pricing in the EPC Agreements is now valid until December 31, 2021. Additionally, NextDecade and Bechtel agreed to extend the validity of the EPC Agreements until July 31, 2022. \u201cWe value our strong partnership with Bechtel, the world\u2019s leading LNG EPC contractor,\u201d said Matt Schatzman, NextDecade\u2019s Chairman and Chief Executive Officer. &hellip; Continue reading &quot;NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-08T13:03:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210308005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements\",\"datePublished\":\"2021-03-08T13:03:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\\\/\"},\"wordCount\":920,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210308005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\\\/\",\"name\":\"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements - 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(Bechtel) have completed a pricing refresh on the fully wrapped lump-sum turnkey (LSTK) engineering, procurement, and construction agreements for the first three trains at NextDecade\u2019s Rio Grande LNG project (EPC Agreements) resulting in no impact to the overall cost of the project. The pricing in the EPC Agreements is now valid until December 31, 2021. Additionally, NextDecade and Bechtel agreed to extend the validity of the EPC Agreements until July 31, 2022. \u201cWe value our strong partnership with Bechtel, the world\u2019s leading LNG EPC contractor,\u201d said Matt Schatzman, NextDecade\u2019s Chairman and Chief Executive Officer. &hellip; Continue reading \"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-08T13:03:19+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210308005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements","datePublished":"2021-03-08T13:03:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/"},"wordCount":920,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210308005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-and-bechtel-complete-pricing-refresh-on-epc-agreements-2\/","name":"NextDecade and Bechtel Complete Pricing Refresh on EPC Agreements - 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