It took over a decade, but NextDecade’s longshot bet to lead Texas LNG is finally paying off
NextDecade is poised to become a leading exporter of natural gas from Texas after over a decade of development. The company's Rio Grande LNG facility is set to begin production early next year, with plans for expansion through 2036. The ongoing geopolitical tensions have heightened the demand for reliable U.S. LNG supplies, positioning NextDecade favorably in the market.
- ▪NextDecade's Rio Grande LNG facility is located along the Brownsville Ship Channel in Texas.
- ▪The facility is expected to power more than 20 million households upon completion of its first phase by early 2029.
- ▪The U.S. has become the world's largest LNG exporter, surpassing Qatar and Australia, with capacity projected to double by 2030.
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| Original publisher | Fortune |
| Canonical URL | https://fortune.com/2026/05/24/over-decade-nextdecades-longshot-bet-lead-texas-lng-finally-paying-off/ |
| Publication time | Sun, 24 May 2026 07:09:00 +0000 |
| Retrieval time | 2026-05-24T07:57:31.183Z |
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Opening excerpt (first ~120 words) tap to expand
Near the U.S.-Mexico border—just a few miles from SpaceX Starbase—little-known NextDecade is on the verge of becoming the top exporter of natural gas out of Texas. Its massive complex, sprawling 1,000 acres along the Brownsville Ship Channel, took more than a decade to reach this point: surviving industry doubters, the sudden death of its founder, and contentious legal fights with environmental groups.Recommended Video The war in Iran and the disruption of flows from Qatar have placed renewed global focus on liquefied natural gas (LNG), which must be chilled into liquid form for overseas tanker transport. The U.S. has emerged as the world’s top LNG exporter in recent years, supplying energy-hungry markets across Europe and Asia. Most U.S.
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