NextDecade Corporation is a U.S. liquefied natural gas (LNG) infrastructure developer headquartered in Houston, Texas, and listed on Nasdaq (ticker: NEXT). Founded in 2010, the company focuses on developing LNG export facilities and related infrastructure to supply global markets.
Its flagship project is Rio Grande LNG in Brownsville, Texas, planned for up to roughly 27 million tonnes per annum across five liquefaction trains. Phase 1 (Trains 1–3) reached final investment decision in 2023 and is under construction, with initial operations targeted from 2027. NextDecade is also advancing carbon capture and storage initiatives designed to reduce CO2 emissions from the Rio Grande LNG facility. The company secures long-term offtake agreements with international buyers and works with engineering, construction, and financing partners to deliver large-scale LNG capacity.