May 20, 2024 14:08 GMT
Adnoc Buys Stake in Rio Grande LNG Project
LNG
Abu Dhabi National Oil co announced an 11.7% stake in phase 1 (trains 1-3) of NextDecade’s nat gas export project in Texas, Rio Grande on Monday.
- The deal also gives Adnoc 1.9 million tons a year of LNG supply from the planned Train 4.
- The Phase 1 acquisition marks ADNOC’s first strategic investment in the US.
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