{"id":89191,"date":"2025-09-29T00:00:00","date_gmt":"2025-09-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/29\/xrg-finalizes-minority-acquisition-of-rio-grandes-lng-export-facility\/"},"modified":"2025-09-29T00:00:00","modified_gmt":"2025-09-29T00:00:00","slug":"xrg-finalizes-minority-acquisition-of-rio-grandes-lng-export-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/09\/29\/xrg-finalizes-minority-acquisition-of-rio-grandes-lng-export-facility\/","title":{"rendered":"XRG finalizes minority acquisition of Rio Grande\u2019s LNG export facility"},"content":{"rendered":"

XRG<\/strong> closes acquisition of major US-based LNG export facility:<\/strong> XRG, Adnoc\u2019s international arm, has closed the acquisition of an 11.7% stake in the first phase of NextDecade\u2019s USD 18 bn Rio Grande LNG export facility in Texas for an undisclosed sum, according to a statement<\/a> released on Thursday. The transaction marks Adnoc\u2019s first direct investment<\/a> in US gas infrastructure. <\/p>\n

First announced in May last year<\/strong>, the agreement was finalized through an investment vehicle of BlackRock\u2019s Global Infrastructure Partners (GIP), with XRG acquiring a portion of GIP\u2019s existing stake. XRG\u2019s stake in the first phase includes the first three liquefaction trains in the USD 18 bn facility, which are currently under construction. <\/p>\n

Other phases are on the way:<\/strong> NexDecade retained its share in the first phase alongside its shares in the fourth and fifth proposed trains, with Adnoc having the option to buy into these. <\/p>\n

Once all trains are developed, Rio Grande LNG\u2019s potential liquefaction capacity could reach up to 48 mn tonnes per annum (mtpa), the statement said.<\/p>\n

NextDecade also reached a final investment decision on the fourth liquefaction train earlier this month<\/strong>, activating Adnoc\u2019s 20-year offtake agreement for 1.9 mtpa from the additional train. The contract, priced against the Henry Hub benchmark on a free-on-board basis, had been contingent on the project moving ahead. <\/p>\n

All in on the US:<\/strong> State oil giant Adnoc plans to increase its US investments to USD 440 bn<\/a> over the next decade. Earlier this year<\/a>, Adnoc was said to be considering a USD 9 bn acquisition of US assets, to add to its existing portfolio across the pond, including a 35% stake<\/a> in ExxonMobil\u2019s proposed low-carbon hydrogen and ammonia production facility in Texas. <\/p>\n

Adnoc established a <\/strong>trading<\/a><\/strong>desk<\/a><\/strong> in the US as part of its expansion plans<\/strong>, with XRG and Masdar opening new<\/a>offices<\/a> in Washington to help manage and scale its planned US investments. <\/p>\n","protected":false},"excerpt":{"rendered":"

XRG will own an 11.7% stake in the first phase of the USD 18 bn project<\/p>\n","protected":false},"author":1,"featured_media":89192,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[227,137,32,129,726],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-lng","tag-ma-watch","tag-trade","tag-uae","tag-usa","wpautop","entry"],"acf":{"mongo_id":"2b099d72-56c6-44b6-8bbe-c25754fb2368","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1715.jpg","photo_position":"above","homepage_title":"","full_issue_title":"XRG finalizes minority acquisition of Rio Grande\u2019s LNG export facility","related_issue":[89186],"teaser":"XRG will own an 11.7% stake in the first phase of the USD 18 bn project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.2d75f232-d4d4-4e68-b44b-b477a242516c.mp3"},"yoast_head":"\nXRG finalizes minority acquisition of Rio Grande\u2019s LNG export facility - 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