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Adnoc's XRG Completes Increased Stake in Rio Grande LNG Project in US

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XRG completed the process to raise its stake in the Rio Grande LNG project in Texas, US, according to a Thursday release.

The energy and chemicals investment unit of Abu Dhabi National Oil, d/b/a Adnoc, acquired an additional 7.6% equity interest in trains 4 and 5 of the project from BlackRock's Global Infrastructure Partners.

XRG said it now holds interests across all five trains currently under construction at the Rio Grande LNG project, which is expected to begin production of liquefied natural gas in the first half of 2027.

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