XRG, ADNOC’s global investment subsidiary, has announced an agreement to acquire a 7.6% equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas from an acquisition vehicle owned by Global Infrastructure Partners (GIP), according to a statement by XRG.
The move significantly deepens XRG’s exposure to one of the world’s largest liquefied natural gas (LNG) export facilities, reinforcing Abu Dhabi’s position in the global energy market. The transaction builds on XRG’s existing presence in the project, which includes an indirect 11.7% stake in Phase 1 (Trains 1 through 3), also acquired through GIP.
Trains 4 and 5 of the Rio Grande LNG project are each expected to produce approximately 6 million tons per annum (mtpa). The expansion is backed by long-term offtake agreements with high-credit international customers, providing the commercial stability required for large-scale infrastructure development.
This latest equity stake complements a 20-year offtake agreement previously secured by ADNOC Trading for 1.9 mtpa from Train 4, ensuring a steady supply of U.S. natural gas to XRG’s global portfolio.
While financial terms of the deal were not disclosed, the acquisition aligns with XRG’s strategy to diversify its geographic assets and secure long-term volumes from the US market. The transaction remains subject to customary closing conditions and regulatory approvals.
Rio Grande LNG, located at the Port of Brownsville, remains a cornerstone of the US strategy to meet rising global demand for lower-carbon energy solutions through efficient liquefaction and export.