NextDecade to fight appeals court delay to its LNG plant, says CEO
Rewrites throughout, adds background and context
By Curtis Williams
HOUSTON, Sept 9 (Reuters) -NextDecade NEXT.O will appeal this month a federal court ruling that overturned the Federal Energy Regulatory Commission's approval of the initial phase of its $18.4 billion Rio Grande LNG project, CEO Matthew Schatzman said on Monday.
The company will take the legal battle all the way to the U.S. Supreme Court, if necessary, he added in an interview.
A D.C. Circuit court on Aug. 6 quashed the regulator's approval for its plant at the Port of Brownsville, Texas. It ordered FERC to reconsider the project impacts, which could require a new environmental impact statement and public comment period.
NextDecade does not expect the courts to stop the ongoing construction until a final ruling. But such delays can be the death of large infrastructure projects, Schatzman said.
"We are committed to taking any and all legal and regulatory actions to ensure that phase 1 will be delivered on time and on budget."
NextDecade's stock price has fallen 39% since the August decision by the federal appeals courtin Washington, D.C. Schatzman said the price decline reflectsadditional project risks caused by the court ruling.
NextDecade's flagship facility has been in development for several years and has already suffered repeated delays.
The first phase of the project, with a capacity of 17.61 million tons per annum of liquid gas, was scheduled to be completed by early 2029 at an estimated cost of $18 billion.
Schatzman said its customers remain committed to the project but are concerned about the ruling, and his management team has had regular updates with investors and customers.
The project is backed by Global Infrastructure Partners and French energy major TotalEnergies TTEF.PA, among others. It has received purchase orders for about 92% of total capacity for the first two trains and 88% of the total for the third train, he said.
Reporting by Curtis Williams in Houston; Editing by Leslie Adler and Richard Chang
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
