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McDermott to partner with Saipem for planned Rio Grande LNG project

Oct 29, 2018
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McDermott International has announced that it plans to partner with Italy’s Saipem to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas.

NextDecade has previously said it expects to achieve a final investment decision on the project in the third quarter of 2019.

"Our joint bid with Saipem will feature optimised execution strategies that result in increased certainty on schedule and cost as compared to other LNG projects on the U.S. Gulf Coast," said David Dickson, President and Chief Executive Officer of McDermott. "Pursuant to NextDecade's competitive process, we plan to submit our joint EPC proposal in the second quarter of 2019."

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