Mr. Michael Barnes reports
NEXTDECADE AND ENBRIDGE ANNOUNCE STRATEGIC MOU FOR THE DEVELOPMENT OF RIO BRAVO PIPELINE FOR THE RIO GRANDE LNG PROJECT
NextDecade Corp. and Enbridge Inc. have entered into a memorandum of understanding (MOU) to jointly pursue the development of the Rio Bravo pipeline and other natural gas pipelines in south Texas to transport natural gas to NextDecade's Rio Grande LNG (liquefied natural gas) project located in Brownsville, Tex. Rio Bravo is designed to transport 4.5 billion cubic feet per day of natural gas from the Agua Dulce area to Rio Grande LNG.
Matt Schatzman, NextDecade's chairman and chief executive officer, said: "Enbridge is one of North America's leading energy infrastructure companies and we look forward to exploring a strong partnership in south Texas. With its Texas Eastern pipeline and recently completed Valley Crossing pipeline, Enbridge has extensive permitting, construction and operating experience in the state of Texas, especially in south Texas."
Bill Yardley, Enbridge's president of gas transmission and mid-stream, said: "We are excited to be working with NextDecade for pipeline solutions to the Rio Grande LNG facility. Our existing infrastructure fits very well with the Brownsville location. This is a continuation of our strategy to bring our major projects execution and permitting capability to the expanding LNG export efforts in North America."
The companies anticipate finalizing definitive documentation reflecting the terms of the MOU in the fourth quarter of 2019.
About Enbridge Inc.
Enbridge is a leading North American energy infrastructure company. The company safely and reliably delivers the energy people need and want to fuel quality of life. Its core businesses include liquids pipelines, which transport approximately 25 per cent of the crude oil produced in North America; gas transmission and mid-stream, which transport approximately 20 per cent of the natural gas consumed in the United States; and utilities and power operations, which serve approximately 3.7 million retail customers in Ontario, Quebec and New Brunswick, and generates approximately 1,600 megawatts of net renewable power in North America and Europe.
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