6 stories mentioning NEXT
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NextDecade (NEXT) has appointed John Zuklic as chief financial officer, starting July 6, the company said late Wednesday.Interim CFO Mike Mott will return to his previous role as senior vice president of enterprise transformation, the company said.Zuklic joins from Citgo Petroleum, where he served as CFO since 2020.
US developers plan to add 44.9 billion cubic feet per day of natural gas pipeline capacity in 2026 and 2027, with Texas accounting for 29.7 Bcf/d, the Energy Information Administration said Tuesday.Developers already started construction on about 31.6 Bcf/d, representing nearly 70% of the planned capacity additions, while Louisiana ranked second with 8.4 Bcf/d of new pipeline projects, the agency said.Texas projects will expand takeaway capacity from the Permian Basin and reduce congestion at the Waha Hub, helping move natural gas toward liquefied natural gas export terminals and industrial, residential and power markets.NextDecade's (NEXT) Rio Bravo Pipeline project will transport up to 4.5 Bcf/d via a 138-mile pipeline in Texas to supply the Rio Grande LNG terminal, with operations targeted for the second half of this year.Developers are building the 365-mile Blackcomb pipeline to move 2.5 Bcf/d from the Waha Hub to the Agua Dulce Hub by the third quarter of 2026, helping ease Permian bottlenecks.The Hugh Brinson project will add 2.2 Bcf/d of Permian takeaway capacity, with developers planning phase 1 startup in Q4 2026 and phase 2 operations in Q1 2027, the EIA said.Louisiana will add 2 Bcf/d of pipeline capacity when the Port Arthur Pipeline Louisiana Connector enters service in the second half of 2026, while the Pelican Pipeline will lift the state's added capacity to 8.4 Bcf/d by the end of 2027.Virginia will gain 1.6 Bcf/d of new capacity in 2027 through Williams' (WMB) Southeast Supply Enhancement Project, which expands the Transcontinental Pipeline from Virginia to Alabama, according to the EIA.Price: $8.32, Change: $-0.14, Percent Change: -1.62%
US LNG developer NextDecade (NEXT) said its first Rio Grande LNG train remains on track to begin producing liquefied natural gas in 2026, with additional trains expected to come online faster than current market forecasts, TPH Energy strategists said in a note Thursday.NextDecade executives said Phase One of the Rio Grande LNG project is running ahead of schedule, with Train 1 expected to produce its first LNG about this time next year. Trains 2 and 3 are expected to follow within six to eight months of the first unit.Zack Van Everen, analyst at TPH Energy, said the timeline appears more aggressive than TPH's current macro forecast, which assumes Train 2 starts in Q3 2028 and Train 3 in Q1 2029.NextDecade is targeting first gas at Train 1 in 2026 and expects first LNG exports around the same time next year. The company's management said Train 1 would take the longest to ramp up because it is the facility's first liquefaction unit.The energy firm said it was comfortable with the feedgas supply given Rio Grande LNG's proximity to the Agua Dulce hub in Texas and its access to gas from the Permian Basin, the Eagle Ford, and the Katy markets, if required.NextDecade plans to continue securing gas supply agreements, including some longer-term contracts, as additional trains are developed.TPH Energy said producers have not sought a premium for supplying gas to the project, allowing purchases at Agua Dulce pricing.For future expansion phases, NextDecade said estimated liquefaction costs for Trains 4 and 5 averaged about $2.50 per million British thermal units, with Train 5 expected to cost slightly more than Train 4.Elsewhere, midstream operator Western Midstream Partners (WES) discussed shut-in gas volumes in the Permian Basin, commodity exposure, and opportunities tied to power demand and data center growth.Western Midstream said it has seen between zero and 300 million cubic feet per day of gas shut in on any given day in the Permian, though increased in-transit volumes on its system have offset some of those declines.The company pointed to growing activity in the Powder River Basin, where producers have been more responsive to higher oil prices, potentially supporting growth into 2027 if drilling activity continues.Van Everen said Western Midstream executives said rising power demand from data centers was becoming a growing focus, as the energy firm has access to land, water, and natural gas infrastructure that could support future developments.Price: $8.67, Change: $-0.05, Percent Change: -0.52%
NextDecade (NEXT) has an average rating of overweight and mean price target of $9.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
The US is poised to significantly expand its dominance in the global energy market as a massive wave of new liquefaction capacity is scheduled to come online through 2031, according to ananalysis, based on US Energy Information Administration data.US export facilities are currently operating at near-peak levels, with actual exports averaging around 18 billion cubic feet per day in March 2026. This exceeds the nominal baseload capacity of roughly 15.4 Bcf/d, as terminals often run above nameplate levels.In the remainder of 2026, the industry expects to add about 2 Bcf/d of new capacity, led by QatarEnergy and Exxon Mobil (XOM) as they ramp up the first two trains at Golden Pass, which will contribute nearly 1.4 Bcf/d.Cheniere Energy (LNG) is also completing the final units at its Corpus Christi Stage 3 expansion, adding 0.6 Bcf/d. These additions are projected to bring total US nominal capacity to around 17.5 Bcf/d by year-end.The expansion accelerates in 2027, with approximately 5.4 Bcf/d of new capacity scheduled to enter service. This includes the third train at Golden Pass, adding 0.7 Bcf/d, and Venture Global (VG) commissioning Plaquemines Phase 2 in Louisiana, contributing 1.1 Bcf/d.Later in the year, two major greenfield projects are set to come online: Sempra (SRE) bringing Port Arthur Phase 1 online at 1.6 Bcf/d and NextDecade starting up the Rio Grande facility with 1.4 Bcf/d.Additional permitted increases at Plaquemines LNG and Elba Island LNG total 0.6 Bcf/d. These developments are expected to lift US capacity to about 22.9 Bcf/d by the end of 2027.Momentum carries into 2028, with an additional 2 Bcf/d of capacity additions. NextDecade is expected to complete additional units at Rio Grande, adding 0.7 Bcf/d, while Venture Global's CP2 LNG Phase 1 is slated to contribute 1.3 Bcf/d. These projects are projected to raise total US export capacity to approximately 24.9 Bcf/d by year-end.The current construction cycle is expected to culminate between 2029 and 2031, followed by another wave of expansions.Woodside Energy (WDS) is expected to add 2.2 Bcf/d from its Louisiana LNG project, alongside further expansions including Port Arthur Phase 2 at 1.6 Bcf/d, Rio Grande at 1.4 Bcf/d, and additional Venture Global capacity of 0.6 Bcf/d.Upon completion, total US LNG export capacity is forecast to exceed 30 Bcf/d, solidifying the US role as the world's leading LNG supplier.
Honeywell (HON) said on Tuesday it will provide liquefaction technology and equipment for two additional processing trains at NextDecade's (NEXT) Rio Grande LNG facility in Brownsville, boosting the project's overall production capacity.The deal will see Honeywell deploy its coil-wound heat exchanger equipment and C3MR liquefaction process for Trains 4 and 5 of the project.The expansion is expected to increase Rio Grande LNG's capacity by over 66%, from 18 million tonnes per annum to 30 MTPA. The five trains at the facility are projected to be operational by mid-2031.Honeywell said its technology is already being used in the first three liquefaction trains at the site."As the demand for energy increases, LNG will continue to play a significant role in meeting this demand and supporting global energy security," said Christina Andersen, president of Honeywell's Gas & LNG business.The company said its liquefaction systems improve efficiency, optimize production, and reduce operating costs. Its coil-wound heat exchangers maximize throughput while ensuring safe and reliable operations, Honeywell said in a statement.Honeywell also said its modular LNG solutions can help shorten construction timelines by allowing components to be built off-site and transported to export facilities.Price: $233.67, Change: $+0.03, Percent Change: +0.01%