NextDecade and CB&I Complete Rio Grande LNG FEED Update, Reconfirm Market-Leading Cost Estimates

THE WOODLANDS, Texas--(BUSINESS WIRE)--NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that it has completed the Front-End Engineering & Design (FEED) update package with CB&I (NYSE: CBI) for the proposed Rio Grande LNG project in South Texas. The update incorporates identified cost reduction and value improvement initiatives and reconfirms market-leading EPC cost estimates for three trains of $490 per ton with a target of $450 per ton. For two trains the EPC cost estimate improves to $535 per ton with a target of $500 per ton.