Investor Presentaiton
NextDecade Key Investor Highlights
Strong Asset Development Platform at Rio Grande LNG
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Trains 1-3 (Phase 1) under construction
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Trains 4 and 5 FERC approved, cost-advantaged and de-risked by Bechtel's track record and common facilities to be built in Phase 1
Room to expand development beyond the 5 Trains currently permitted
Location benefits from ample available gas supply and limited vessel congestion
Valuable Relationships with High-Quality Partners
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Equity partners aligned for full 5 Train project development and confident in Rio Grande LNG's market position
Commercial offtake agreements (SPAs) with creditworthy, leading players in the global LNG market
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EPC partner has an unmatched track record of LNG project deliverability on time and on budget
Established, reliable partners for gas transportation, technology/equipment, and other services
Growth Momentum Supported by Strong Underlying Market Fundamentals
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Equity partner options¹ identify potential source of 60% of equity financing required for Train 4 and Train 5
Total Energies' SPA options² for ~32% of minimum expected contracted volume for Train 4 and Train 5, expect ~3 mtpa additional
contracted volume needed for each of Train 4 and Train 5
LNG demand expected to continue to grow through coming years due to global growth in total demand for natural gas, coupled with
replacement of Russian gas sources, particularly in Europe³
Strong Commitment to Sustainability and Social Responsibility
Significant GHG emission reduction investments needed to achieve Paris Agreement targets and move toward a net-zero future, driving an
expected increase in demand for cleaner natural gas as well as carbon capture and storage (CCS) solutions³
By combining emissions reduction associated with our planned carbon capture and storage project, responsibly sourced gas, and our
pledge to use net-zero electricity, Rio Grande LNG is expected to produce a lower carbon intensive LNG for the world
Next Carbon Solutions expanding upon GHG emission reduction processes developed for Rio Grande LNG to create end-to-end solutions
for third-party industrial applications
1 GIP, GIC, and Mubadala Investment Company each hold options to participate in Trains 4 and 5 equity that will adjust from a total of 50% down to a total of 30% based on achieving certain returns on their investments in Trains 4 and 5.
Total Energies' equity option is fixed at 10% and is conditioned on exercising its SPA option in the respective train. | 2 Total Energies' holds options for 1.5 mtpa in each of Trains 4 and 5 for 20-year FOB LNG SPAS indexed to Henry Hub.
| 3 Based on management analysis.
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