ADNOC To Buy 7.6% Stake In GIP’s Rio Grande LNG Project

The Abu Dhabi National Oil Company (ADNOC) agreed to buy an additional 7.6% stake from BlackRock’s GIP investment vehicle in two LNG trains at the Rio Grande LNG project in Texas, taking its total ownership to 19.3%. 

XRG P.J.S.C. (XRG) today announced that it will increase its stake in Rio Grande LNG, deepening its exposure to one of the world’s largest LNG export facilities, located in the Port of Brownsville, Texas. The transaction further strengthens XRG’s position in the global LNG market and marks an important milestone in the execution of its international gas strategy.

XRG will increase its overall participation in Rio Grande by acquiring additional 7.6% equity interests in Trains 4 and 5 of the Rio Grande LNG project from an acquisition vehicle of Global Infrastructure Partners (GIP), a part of BlackRock.

Mohamed Al Aryani, President of XRG’s International Gas business, said: “Expanding our investment in Rio Grande LNG reinforces XRG’s commitment to delivering on our global gas strategy and advancing the vital role LNG plays in providing reliable and flexible energy supply to international markets. The project continues to progress well, with strong construction momentum marking steady steps toward bringing new LNG capacity online.”

“By growing our presence in U.S. LNG, we are strengthening a resilient, globally scaled gas platform while further deepening the UAE–U.S. energy partnership—supporting energy security, jobs, and investment‑driven growth.