XRG expands UAE’s global business reach
XRG Company, the international investment arm in the energy sector owned by ADNOC, continues to strengthen its presence in the Americas through strategic investments in the liquefied natural gas, chemicals, and advanced materials sectors. The company has made progress in projects that will lead to the export of 30 million tons of gas annually through the Rio Grande project in Texas, and is developing a global trading platform to handle 47 million tons of gas per year by 2035. XRG aims to expand its footprint through projects in Argentina and the United States, with investments exceeding $85 billion in American energy assets, in order to enhance its position as a key supplier of energy and industrial materials and to support the long-term economic development of the UAE.
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