SocGen confirms it pulled out of Rio Grande LNG project in Texas

Kitco Media
By Reuters
Published:
Updated:
Reuters
PARIS, March 28 (Reuters) - French bank Société Générale has pulled out of the U.S. energy company NextDecade's Rio Grande Liquefied Natural Gas (LNG) project in Texas last year, a bank spokesperson said Tuesday. As the project's financial adviser, Société Générale had been the lead bank in the financing of some $11.5 billion for the LNG plant before exiting this role in the first quarter of 2022.


The bank's exit from the project had not been previously made public. (Reporting by America Hernandez Editing by GV De Clercq)

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