{"id":824140,"date":"2025-03-11T08:24:46","date_gmt":"2025-03-11T12:24:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/"},"modified":"2025-03-11T08:24:46","modified_gmt":"2025-03-11T12:24:46","slug":"nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/","title":{"rendered":"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains"},"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, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains<\/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 Baker Hughes (NASDAQ: BKR) announced today that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes\u2019 gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250310876591\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250310876591\/en\/<\/a><\/p>\n<p>\n\u201cUtilizing Baker Hughes\u2019 industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG Facility operates efficiently and reliably,\u201d said Matt Schatzman, Chairman and CEO of NextDecade. \u201cWe look forward to continuing our collaboration with Baker Hughes as we progress our plans to make the Rio Grande LNG Facility one of the largest LNG production and export facilities in the world.\u201d\n<\/p>\n<p>\n\u201cBaker Hughes is proud to continue our long-standing relationship with NextDecade, providing advanced gas technology solutions that enhance the efficiency and reliability of their LNG operations,\u201d said Lorenzo Simonelli, Chairman and CEO of Baker Hughes. \u201cThis agreement is a further example of our commitment to delivering innovative solutions in support of increasing energy demand.\u201d\n<\/p>\n<p>\nNextDecade is making excellent progress on commercializing Rio Grande LNG Trains 4 and 5. The Company expects to make positive final investment decisions and commence construction on Trains 4 and 5 and related infrastructure at the Rio Grande LNG Facility, subject to, among other things, maintaining requisite governmental approvals, finalizing and entering into EPC contracts, entering into appropriate commercial arrangements, and obtaining adequate financing to construct each train and related infrastructure.\n<\/p>\n<p>\nNextDecade is developing and beginning the permitting process for Trains 6 through 8, which are wholly owned by NextDecade and are cumulatively expected to increase the Company&#8217;s total liquefaction capacity by approximately 18 million tonnes per annum once constructed and placed into operation.\n<\/p>\n<p>\nBaker Hughes expects orders, in relation to this agreement, as NextDecade\u2019s project progresses.\n<\/p>\n<p><b>About NextDecade Corporation<\/b><\/p>\n<p>\nNextDecade is committed to providing the world access to reliable, lower carbon energy. We are focused on delivering secure, low-cost, and sustainable energy solutions through the safe and efficient development and operation of natural gas liquefaction and carbon capture and storage infrastructure. Through our subsidiaries, we are developing and constructing the Rio Grande LNG natural gas liquefaction and export facility near Brownsville, Texas, with approximately 48 MTPA of potential liquefaction capacity currently under construction or in development. We are also developing a potential carbon capture and storage project at the facility that is expected to make meaningful impacts toward a lower carbon future. 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, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.next-decade.com%2F&amp;esheet=54222051&amp;newsitemid=20250310876591&amp;lan=en-US&amp;anchor=www.next-decade.com&amp;index=1&amp;md5=f888abcdedcf1bfc4119da4e2aaed02a\">www.next-decade.com<\/a>.\n<\/p>\n<p><b>About Baker Hughes<\/b><\/p>\n<p>\nBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward \u2013 making it safer, cleaner and more efficient for people and the planet. Visit us at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bakerhughes.com%2F&amp;esheet=54222051&amp;newsitemid=20250310876591&amp;lan=en-US&amp;anchor=bakerhughes.com&amp;index=2&amp;md5=0a7d0d931bcfbbf429e071228219e366\">bakerhughes.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/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 \u201cassume,\u201d \u201cbudget,\u201d \u201cguidance,\u201d \u201cforecast,\u201d and &#8220;target,&#8221; 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 assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions 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. 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\u2019s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in NextDecade\u2019s periodic reports that are filed with and available from the Securities and Exchange Commission. The taking of a final investment decision on Trains 4 and 5 at the Rio Grande LNG Facility is subject to, among other things, maintaining requisite governmental approvals, finalizing and entering into EPC contracts, entering into appropriate commercial arrangements, and obtaining adequate financing to construct each train and related infrastructure. Additionally, any development of additional expansion trains at the Rio Grande LNG Facility or CCS projects remains contingent upon receipt of requisite governmental approvals, execution of definitive commercial and financing agreements, 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. 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=20250310876591r1&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\/20250310876591\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250310876591\/en\/<\/a><\/span><\/p>\n<p><b>NextDecade Investors<br \/>\n<\/b><br \/>Megan Light<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mlight@next-decade.com\">mlight@next-decade.com<br \/>\n<\/a><br \/>832-981-6583\n<\/p>\n<p><b>Baker Hughes Investors<br \/>\n<\/b><br \/>Chase Mulvehill<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investor.relations@bakerhughes.com\">investor.relations@bakerhughes.com<br \/>\n<\/a><br \/>+1 346-297-2561\n<\/p>\n<p><b>NextDecade Media<br \/>\n<\/b><br \/>Susan Richardson<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:srichardson@next-decade.com\">srichardson@next-decade.com<br \/>\n<\/a><br \/>832-413-6400\n<\/p>\n<p><b>Baker Hughes Media<br \/>\n<\/b><br \/>Chiara Toniato<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:chiara.toniato@bakerhughes.com\">chiara.toniato@bakerhughes.com<br \/>\n<\/a><br \/>+39 3646 382 3419\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Environment Oil\/Gas Sustainability Alternative Energy Green Technology Energy<\/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\/20250310876591\/en\/828032\/3\/NEXT_Horiz_FullColor_Logo_-_Copy.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\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\/20250310876591\/en\/2405505\/3\/PowerPoint_Ready-bh_lg_tm_hrz_rgb_pos.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, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains HOUSTON&#8211;(BUSINESS WIRE)&#8211; NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) and Baker Hughes (NASDAQ: BKR) announced today that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes\u2019 gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250310876591\/en\/ \u201cUtilizing Baker Hughes\u2019 industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG Facility operates efficiently and reliably,\u201d said Matt Schatzman, Chairman and CEO of NextDecade. \u201cWe &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains&#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-824140","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains - 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-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains HOUSTON&#8211;(BUSINESS WIRE)&#8211; NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) and Baker Hughes (NASDAQ: BKR) announced today that they have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes\u2019 gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250310876591\/en\/ \u201cUtilizing Baker Hughes\u2019 industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG Facility operates efficiently and reliably,\u201d said Matt Schatzman, Chairman and CEO of NextDecade. \u201cWe &hellip; Continue reading &quot;NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T12:24:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310876591r1&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-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains\",\"datePublished\":\"2025-03-11T12:24:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\\\/\"},\"wordCount\":947,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250310876591r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\\\/\",\"name\":\"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250310876591\/en\/ \u201cUtilizing Baker Hughes\u2019 industry-leading rotating equipment and their maintenance services is critical to ensuring the Rio Grande LNG Facility operates efficiently and reliably,\u201d said Matt Schatzman, Chairman and CEO of NextDecade. \u201cWe &hellip; Continue reading \"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-11T12:24:46+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310876591r1&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-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains","datePublished":"2025-03-11T12:24:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/"},"wordCount":947,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250310876591r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nextdecade-baker-hughes-enter-framework-agreement-for-rio-grande-lng-expansion-trains\/","name":"NextDecade, Baker Hughes Enter Framework Agreement for Rio Grande LNG Expansion Trains - 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