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ADNOC-linked XRG adds equity in Rio Grande LNG trains 4 and 5
The deal expands XRG and its ADNOC ownership exposure to the Rio Grande liquefied natural gas export project at the Port of Brownsville, Texas, across the five trains currently under construction.
OilPrice reports that Abu Dhabi-based international investment company XRG, which is wholly owned by Abu Dhabi National Oil Company, has acquired an additional equity interest in trains 4 and 5 of the Rio Grande liquefied natural gas project at the Port of Brownsville in Texas.
In practical terms, the transaction increases XRGs participation through equity interests across all five trains currently under construction, giving it deeper exposure to what the outlet describes as one of the worlds largest LNG export facilities.
The article also frames the move as geopolitically significant, saying it reflects how the United States has permitted the UAE to strengthen its strategic presence in a key U.S. energy sector.
OilPrice adds that since Russias invasion of Ukraine in 2022, LNG has taken on a more prominent role as a faster-to-deploy energy supply, which the outlet links to broader U.S. foreign policy efforts to leverage U.S. LNG dominance.
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