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Stock impact report

Guerilla Litigation Causes Rio Grande LNG's Permits To Be Vacated [Forbes]

NextDecade Corporation (NEXT) 
US:NASDAQ Investor Relations: next-decade.com/investors
Company Research Source: Forbes
AFP via Getty Images The D.C. Court of Appeals overturned its earlier reauthorization of a FERC permit allowing the construction of the multi-billion-dollar Rio Grande LNG project, the largest new-build energy infrastructure project in U.S. history. Rio Grande LNG's operator, NextDecade Corporation , had begun construction on the 984-acre site along the sparsely developed Brownsville deepwater ship channel near SpaceX and Texas-Mexico border. NextDecade first proposed the development in 2015 following the Obama administration's approval to go forward with the permitting and construction of LNG export facilities across the U.S. LNG is regular natural gas in the liquid form, which is achievable by refrigerating the gas to minus-260 degrees Fahrenheit . In this liquid state, LNG is transported compactly by specially designed tankers across the oceans to consumers in the European Union and Asia. Even U.S. northeastern states depend on imports of LNG for heating and electricity needs Show less Read more
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