Next Decade willing to fight to US Supreme Court to build LNG plant, says CEO

Reuters09-10

HOUSTON, Sept 9 (Reuters) - Next Decade is willing to go all the way to the US Supreme Court as it tries to overturn a federal court ruling quashing the Federal Energy Regulatory Commission's approval of phase 1 of is $18.4 billion Rio Grande LNG project, said its CEO Matthew Schatzman on Monday.

Schatzman said Next Decade does not expect the courts to stop the ongoing construction until a final ruling is made.

Next Decade's stock price has fallen since the August decision by the federal court in Washington, D.C., and Schatzman said the price decline is a result of the additional project risks caused by the court's ruling.

(Reporting by Curtis Williams in Houston; Editing by Leslie Adler)

((Curtis.Williams@thomsonreuters.com; +1 346 324 7560;))

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