backNEW YORK, March 18, 2024 -- King & Spalding has advised on IJGlobal’s North America Deal of the Year for Oil & Gas: LNG.
King & Spalding advised Rio Grande LNG, LLC, a subsidiary of NextDecade Corporation (NASDAQ: NEXT), for the first phase of NextDecade’s Rio Grande LNG project, located in Brownsville, Texas. The Rio Grande Project is the largest privately funded infrastructure project in the State of Texas. On July 12, 2023, NextDecade achieved financial close of approximately $18.4 billion in project financing for the Rio Grande Project. Contemporaneously, NextDecade issued a Final Investment Decision and full notice to proceed. King & Spalding advised NextDecade on the EPC agreement, natural gas transportation arrangements, LNG marketing, all real estate matters, and as opinion counsel. You can read more about the representation here.