NextDecade to certify natgas emissions for Texas Rio Grande LNG
/(Reuters) - U.S. liquefied natural gas (LNG) developer NextDecade Corp said Monday it joined with Project Canary to certify the greenhouse gas intensity of LNG to be sold from its proposed Rio Grande export plant in Texas.
Rio Grande is one of 13 North American projects planning to make final investment decisions in 2021, most of which were carried over from 2020 when just one started construction. Most analysts, however, expect only one or two projects to go forward this year, including Venture Global LNG’s Plaquemines in Louisiana.
Analysts at Cowen & Co have said NextDecade’s efforts to provide “cleaner” LNG could attract enough customers to allow the company to sanction Rio Grande.
Project Canary, which provides data on responsibly sourced gas, will certify emissions from the gas wellhead to Rio Grande.
“Project Canary’s independent measurement and certification platform will provide transparency and give confidence to our customers who are increasingly focused on securing low greenhouse gas-intensive LNG,” NextDecade Chief Executive Matt Schatzman said in a statement.