Abu Dhabi Nationwide Oil Co PJSC (ADNOC), by its international funding arm XRG PJSC, has accomplished the acquisition of an 11.7 % stake in part I of NextDecade Corp’s Rio Grande LNG challenge in Brownsville, Texas.
“The transaction was undertaken by an funding car of GIP [BlackRock Inc’s Global Infrastructure Partners], with XRG buying a portion of GIP’s present stake”, XRG stated in a press release on its web site.
“The transaction, initially introduced in Could 2024, is the corporate’s first fuel infrastructure funding within the U.S., and displays XRG’s long-term funding plans within the nation”, XRG stated.
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“As LNG demand is projected to develop by 60 % by 2050, the funding in Rio Grande LNG advances XRG’s technique to construct a number one international fuel and LNG enterprise to satisfy structural demand from trade, AI and broader financial progress”, it stated.
XRG goals to construct a top-five built-in fuel and liquefied pure fuel (LNG) enterprise with a capability of 20-25 million metric tons each year (MMtpa) by 2035, as introduced by the corporate June 3.
ADNOC launched XRG late final 12 months to drive the United Arab Emirates’ enlargement within the pure fuel, low-carbon power and chemical markets.
Rio Grande LNG’s first part, which includes the primary three out of 5 federally authorised liquefaction trains, is underneath development.
ADNOC has additionally dedicated to purchasing 1.9 MMtpa from the fourth practice. Earlier this month NextDecade and its co-venturers introduced a constructive FID (closing funding resolution) on practice IV and a discover for contractor Bechtel Power Inc to proceed to development.
In accordance with a Division of Power (DOE) order August 13, 2020, amending Rio Grande LNG’s export authorization, the power’s 5 trains every have a nominal capability of 5.4 MMtpa. Nevertheless, the Houston, Texas-based developer has stated part I’d be able to as much as about 18 MMtpa.
Saying the FID for practice IV on September 9, NextDecade stated the newly authorised practice will develop Rio Grande LNG’s capability to round 24 MMtpa when the practice begins manufacturing 2030.
In whole, Rio Grande LNG can export as much as 1.32 trillion cubic ft a 12 months of pure fuel equal – 27 MMtpa of LNG from trains I to V – to FTA and non-FTA nations till 2050. DOE granted authorization by orders first issued – later amended – August 2016 for the portion for nations with a free commerce settlement (FTA) with the USA and February 2020 for the non-FTA portion.
Whereas Rio Grande LNG’s development allow is being reviewed by the Federal Power Regulatory Fee (FERC) in response to a second remand from the Court docket of Appeals for the District of Columbia Circuit, the court docket in March 2025 modified the August 2024 remand to permit actions to proceed, in line with FERC.
As a part of the continuing evaluate, FERC stated July 31, 2025, it had issued a closing supplemental environmental impression assertion (SEIS) for Rio Grande LNG and the related pipeline challenge owned by Enbridge Inc.
In a press release in regards to the new SEIS, NextDecade stated August 1, “FERC anticipates issuing a closing order on the remand by November 20, 2025”.
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