XRG Closes Acquisition Of 11.7% Stake In Phase 1 Of Rio Grande LNG Project
ReutersSep 25, 2025 10:10 AM
Sept 25 (Reuters) - XRG:
XRG CONTINUES INTERNATIONAL INVESTMENT MOMENTUM WITH COMPLETION OF RIO GRANDE LNG DEAL
CLOSES ITS ACQUISITION OF AN 11.7% EQUITY STAKE IN PHASE 1 (TRAINS 1-3) OF THE RIO GRANDE LNG PROJECT IN BROWNSVILLE, TEXAS, UNITED STATES (US)
XRG’S PARENT COMPANY ADNOC ENTERED INTO A 20-YEAR LNG OFFTAKE AGREEMENT FOR 1.9 MTPA FROM RIO GRANDE LNG TRAIN 4
TRANSACTION WAS UNDERTAKEN THROUGH INVESTMENT VEHICLE OF GIP, WITH XRG ACQUIRING PORTION OF GIP'S EXISTING STAKE
Further company coverage: ADNOC.UL
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