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Home .Capital Capital: NextDecade secures $85m for LNG export

Capital: NextDecade secures $85m for LNG export

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NextDecade Raises Additional $85 million in Pre-FID Funding for its Rio Grande LNG Project, Makes Significant Progress with FERC

THE WOODLANDS, Texas, USA – June 15, 2015 – NextDecade, LLC (NextDecade) announced that Valinor Management, L.P. (Valinor) and Halcyon Energy Investors, L.P. (Halcyon) have joined certain funds managed by York Capital Management Global Advisors, LLC and its affiliates (York) in providing NextDecade with an additional US$85 million in order to take the Rio Grande LNG (RGLNG) and Rio Bravo Pipeline project to Final Investment Decision (FID) as well as to fund the continued development of Pelican Island LNG (PILNG) in Galveston, Texas.

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