XRG acquires more Rio Grande LNG

XRG, the international investment arm of Abu Dhabi National Oil Company, has completed the acquisition of an additional 7.6% equity interest in Trains 4 and 5 of Rio Grande LNG at the Port of Brownsville, Texas. This transaction deepens XRG's exposure to the facility, giving it equity interests across all five trains currently under construction. The investment, which builds on XRG's initial 11.7% stake in Phase 1, strengthens XRG's strategic presence in the US LNG sector and aligns with its goal to build a top-tier global gas portfolio, with North America as a core growth region. The deal received all customary regulatory approvals, including clearance from the United States — Committee on Foreign Investment in the United States. NextDecade, the operator of Rio Grande LNG, and Antin Infrastructure Partners, from whom the stake was acquired, expressed satisfaction with the investment. The Rio Grande LNG facility is expected to begin production in the first half of 2027 and will contribute significantly to the US economy through job creation.