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اقتصاد سكاي نيوز عربية
XRG finalizes more shares in Rio Grande
XRG, ADNOC's investment arm in the energy sector, has completed its acquisition of an additional stake in the "Rio Grande" liquefied natural gas (LNG) project in Texas, bringing its total ownership to 7.6% in the fourth and fifth liquefaction trains. This deal enhances its presence in one of the world's largest LNG export facilities and supports its strategy to grow its international portfolio in the LNG market. The project, which is expected to begin production in the first half of 2027, has a production capacity of up to 30 million tons per year and is projected to generate around 7,500 jobs, with ongoing efforts to secure long-term supply contracts to ensure future operational stability.
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