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BRIEF-XRG Closes Acquisition Of 11.7% Stake In Phase 1 Of Rio Grande LNG Project
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BRIEF-XRG Closes Acquisition Of 11.7% Stake In Phase 1 Of Rio Grande LNG Project
Sep 25, 2025 3:27 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:

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