NextDecade, OPEC Oil Demand Forecast, Record U.S. Crude Production: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

LNG
NextDecade Secures $1.8 Billion in Funding for Rio Grande LNG Project - U.S. liquefied natural gas (LNG) developer NextDecade Corporation (Houston, Texas) will receive up to $1.8 billion in equity commitments from TotalEnergies SE (Courbevoie, France) and Global Infrastructure Partners (GIP) (New York, New York) to finance a fourth liquefaction plant at its Rio Grande LNG export project in Texas, the company said on Monday in a regulatory filing. The move brings NextDecade one step closer to a positive financial decision on that 5.4 million metric-ton-per-annum facility. TotalEnergies will contribute about $300 million for a 10% stake in the Train 4 joint venture, while a GIP affiliate will invest up to $1.5 billion for a 50% interest, which will fall to 30% once certain return thresholds are met, NextDecade said. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Reuters)

CRUDE OIL
OPEC Lifts 2026 World Oil Demand View - The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market. World oil demand will rise by 1.38 million barrels per day (BBL/d) in 2026, OPEC said in a monthly report, up 100,000 BBL/d from the previous forecast. This year's expectation was left unchanged. (Reuters)

PRODUCTION
EIA: U.S. Oil Production to Hit Record in 2025 Before Declining - U.S. crude oil production will hit a record 13.41 million BBL/d in 2025 due to increases in well productivity, though lower oil prices will prompt a fall in output in 2026, the U.S. Energy Information Administration (EIA) forecast on Tuesday in a monthly report. The decline in 2026 production to 13.28 million BBL/d would be the first drop in output since 2021 for the world's largest producer, the EIA data showed. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).