XRG to increase stake in NextDecade’s Rio Grande LNG project

XRG has announced plans to summation its involvement successful NextDecade’s Rio Grande LNG project, a liquefied earthy state (LNG) export terminal installation astatine the Port of Brownsville successful Texas, US.

The vigor concern company, owned by the Abu Dhabi National Oil Company (ADNOC), volition get an further 7.6% equity involvement successful Trains 4 and 5 astatine the task from Global Infrastructure Partners (GIP), a subsidiary of BlackRock. This determination is portion of XRG's strategy to bolster its presumption successful the planetary LNG market.

The acquisition follows XRG’s earlier concern successful signifier 1 of the project, wherever it purchased an indirect 11.7% involvement successful Trains 1–3 done the aforesaid partner. As portion of this erstwhile transaction, ADNOC Trading secured a 20-year LNG offtake statement for 1.9 cardinal tonnes per annum (mtpa) from Train 4.

Trains 4 and 5 are each expected to nutrient astir 6mtpa of LNG, with semipermanent agreements already successful spot with high-credit-quality offtakers.

The Rio Grande LNG installation is expected to play a important relation successful the US system by generating much than 5,000 operation jobs and astir 700 semipermanent positions successful the Rio Grande Valley.

Financial specifics of the existent transaction stay undisclosed, and it is contingent upon customary closing conditions and regulatory approvals.

XRG planetary state concern president Mohamed Al Aryani said: “Expanding our concern successful Rio Grande LNG reinforces XRG’s committedness to delivering connected our planetary state strategy and advancing the captious relation LNG plays successful providing reliable and flexible vigor proviso to planetary markets.

“The task continues to advancement well, with beardown operation momentum marking dependable steps toward bringing caller LNG capableness online.

“By increasing our beingness successful US LNG, we are strengthening a resilient, globally scaled state level portion further deepening the UAE [United Arab Emirates]–US vigor concern – supporting vigor security, jobs and investment‑driven growth.”

In September 2025, NextDecade made a affirmative last concern determination connected Train 4, afloat backing it on with its related infrastructure and issuing a afloat announcement to proceed to Bechtel Energy.

Train 4 is supported by semipermanent income agreements with ADNOC, TotalEnergies and Aramco. Completion and archetypal transportation are anticipated by precocious 2030.

Similarly, successful October 2025, NextDecade approved Train 5's improvement and funding. Train 5 is backed by agreements with JERA, EQT and ConocoPhillips, and is expected to beryllium operational by aboriginal 2031.

Both trains person estimated task costs of $6.7bn each, covering engineering, procurement and operation costs, proprietor expenses, contingencies, financing fees, operation involvement and different related outlays.