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5mo ago

ADNOC’s XRG Buys 7.6% Stake in Rio Grande LNG Trains 4 and 5

The purchase from a GIP vehicle extends the Abu Dhabi group’s U.S. LNG footprint in a project advancing toward new capacity.

Trains 4 and 5 each have an expected LNG production capacity of approximately 6 MTPA. Image: Shutterstock
Rio Grande LNG terminal; Courtesy of NextDecade

Overview

  • XRG is acquiring the interest from an acquisition vehicle of Global Infrastructure Partners, part of BlackRock, with financial terms not disclosed.
  • The move builds on its 11.7% holding in Phase 1 covering Trains 1–3 that was secured in September last year.
  • Trains 4 and 5 are each expected to produce about 6 mtpa and have long-term offtake agreements with high‑credit counterparties.
  • The transaction remains subject to customary closing conditions, including regulatory approvals.
  • Rio Grande LNG at the Port of Brownsville is designed for roughly 27 mtpa across five trains, linking Permian and Eagle Ford gas and supporting about 5,000 construction jobs and 700 long‑term roles.