NextDecade Corporation announced today that it has received bid packages from each of Bechtel Oil, Gas, and Chemicals, Inc. (Bechtel) and Fluor Corporation (Fluor), two of the global LNG market’s leading engineering, procurement, and construction (EPC) contractors.
The technical and commercial bid packages, which were received on-schedule, are for fully wrapped lump-sum turnkey (LSTK) EPC contracts for NextDecade’s Rio Grande LNG export project in Brownsville, Texas. Following detailed evaluations of the Bechtel and Fluor bid packages, NextDecade expects to select a contractor and execute a fully wrapped LSTK EPC contract in the third quarter of 2019.
McDermott, a third potential bidder, was required to finalize a joint venture partnership prior to submitting its bid. As a result of not having satisfied this condition, McDermott did not submit a bid package.