BUZZ-NextDecade gains as Rio Grande LNG plans advance
Reuters03-02
BUZZ-NextDecade gains as Rio Grande LNG plans advance
** Shares of LNG company NextDecade NEXT.O up ~11% at $5.97 premarket
** Co expects to file a full application for Train 6 by mid-2026 and advance the development of Trains 7 and 8 throughout the year
** "We expect first LNG production from Train 1 in the first half of 2027," says CEO Matt Schatzman
** Adds there is sufficient space at the Rio Grande LNG Facility for up to 10 liquefaction trains
** U.S. natural gas futures NGc1 up 6.4% at $3.03 mmBtu
** As of last close, NEXT up 2.3% YTD
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.bafna@thomsonreuters.com))
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