Source: Fortune
Summary
NextDecade is on the verge of becoming the top exporter of natural gas out of Texas, with its massive complex in Brownsville nearing completion. The company’s Rio Grande LNG project, which has been in development for over a decade, is expected to begin production early next year and continue expanding through 2036. The U.S. has emerged as the world’s top LNG exporter, supplying energy-hungry markets across Europe and Asia. NextDecade’s CEO Matt Schatzman says the company’s business case stands on its own merits, despite the war in Iran sharpening the argument for securing reliable U.S. gas supplies.
Our Reading
The numbers tell one story. NextDecade’s Rio Grande LNG project is finally coming online after over a decade of development. The company’s CEO Matt Schatzman is confident that the project’s business case stands on its own merits, despite the war in Iran. The U.S. has emerged as the world’s top LNG exporter, and NextDecade is poised to become a major player in the market. The company’s perseverance and vision have paid off, but the real test is yet to come. As Schatzman said, “Perhaps the instability in the Middle East and this horrible situation will heighten the awareness of U.S. LNG.”
Original observation: The decade-long journey of NextDecade is a testament to the power of perseverance and vision in the energy industry.
Author: Evan Null
