NextDecade and Enbridge signed a memorandum of understanding to develop the Rio Bravo Pipeline together, the two companies announced in a statement released early Wednesday morning. The two companies anticipate finalizing the terms of the MOU during the fourth quarter of 2019.
The partnership will build a pipeline that would move natural gas from the Agua Dulce hub near Corpus Christi to the proposed Rio Grande LNG export terminal at the Port of Brownsville. The approval is still pending from the Federal Energy Regulatory Commission.
"Enbridge is one of North America's leading energy infrastructure companies and we look forward to exploring a strong partnership in South Texas," NextDecade CEO Matt Schatzman said in a statement. "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."
"We are excited to be working with NextDecade for pipeline solutions to the Rio Grande LNG facility," Enbridge President of Gas Transmission and Midstream Bill Yardley said in a statement. "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."