Occidental subsidiary Oxy Low Carbon Ventures has moved a step closer to providing carbon transport and storage services for NextDecade’s planned Rio Grande LNG project at the Port of Brownsville, Texas, after the two companies signed a terms sheet. Rio Grande is expected to get a final investment decision sometime this year for a minimum of two liquefaction trains; approval for the CCS component would come soon afterwards. The storage site is expected to receive up to five million tonnes of CO₂ per year, with the Rio Grande LNG facility processing up to 27 million tonnes per year of natural gas, making it, in the words of NextDecade, the “largest and greenest US LNG export solution”. NextDecade has its own subsidiary, Next Carbon Solutions, that will be involved in the project.