XRG Buys 11.7% Stake in Rio Grande LNG Project

XRG has finalized its acquisition of an 11.7 percent equity stake in Phase 1 (Trains 1-3) of the Rio Grande LNG project in Brownsville, Texas. The investment is a strategic joint venture with Global Infrastructure Partners (GIP), part of BlackRock.

Rio Grande LNG is one of the largest LNG export projects in the US, with an estimated 48 million tonnes per annum (mtpa) of potential liquefaction capacity under construction or development. Construction of Trains 1-3 is progressing smoothly, while the Final Investment Decision (FID) for Train 4 was achieved in early September 2025.

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Mohamed Al Aryani, President of XRG International Gas, said, “As LNG demand is projected to grow by 60 percent by 2050, the investment in Rio Grande LNG advances XRG’s strategy to build a leading global gas and LNG business. Our projects are designed to create shared value for all stakeholders, with a robust and geographically diverse international gas portfolio spanning the Caspian, Africa, and the Americas.”

The transaction, first announced in May 2024, marks XRG’s first US gas infrastructure investment and highlights the company’s long-term expansion plans in the country. The project is expected to employ over 5,000 construction and trade workers at peak, with 350-400 permanent operational jobs once fully operational.

The acquisition was executed through a GIP investment vehicle, with XRG purchasing part of GIP’s existing stake. In addition, XRG’s parent company, ADNOC, has signed a 20-year LNG offtake agreement for 1.9 mtpa from Rio Grande LNG Train 4.

XRG’s entry into the US LNG market strengthens its global gas portfolio and positions the company to capitalize on growing LNG demand driven by industrial, technological, and economic growth.