On 26 January, XRG, the international investment arm of Adnoc, announced that it was taking a 7.6% equity stake in Phase 2 of the Texas-based Rio Grande LNG export facility being developed by NextDecade. XRG already has an 11.7% stake in the 17.5mn t/y, three-train first phase that is due online next year and will reach full capacity in 2029 (MEES, 26 September 2025).
All Phase 1 investors had an option to invest in the 12mn t/y two-train second phase that will lift Rio Grande capacity to approximately 30mn t/y by 2031. Adnoc Trading last year entered into a 20-year LNG offtake agreement for 1.9mn t/y from Train 4. (CONTINUED - 815 WORDS)
