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Rio Grande LNG Phase 1 construction is tracking ahead of schedule, with Train 1 first LNG production now expected in the first half of 2027.
The company is transitioning from a development-stage entity to an operating company, evidenced by the secondment of over 100 operational employees to Bechtel.
Management attributes the accelerated timeline to Bechtel's construction efficiency, with Trains 1 and 2 reaching 74% completion as of June 2026.
The Iran conflict has fundamentally altered the global LNG supply outlook, removing approximately 7 million tons per month from the market due to the closure of the Strait of Hormuz.
#company #grande #phase
Rio Grande LNG Phase 1 construction is tracking ahead of schedule, with Train 1 first LNG production now expected in the first half of 2027.
The company is transitioning from a development-stage entity to an operating company, evidenced by the secondment of over 100 operational employees to Bechtel.
Management attributes the accelerated timeline to Bechtel's construction efficiency, with Trains 1 and 2 reaching 74% completion as of June 2026.
The Iran conflict has fundamentally altered the global LNG supply outlook, removing approximately 7 million tons per month from the market due to the closure of the Strait of Hormuz.
#company #grande #phase
2 months ago
