XRG gains equity across all Rio Grande LNG trains
- Acquired an additional 7.6% equity interest in Rio Grande LNG Trains 4 and 5 from a GIP acquisition vehicle.
- XRG now holds interests across all five trains under construction at the ~30 MTPA Rio Grande LNG project.
- Trains 4 and 5 are expected to add approximately 12 MTPA of LNG capacity and have long-term offtake agreements.
- Rio Grande LNG is expected to begin production in 1H 2027, with first gas into the facility in H2 2026; CFIUS approval was obtained.
Transaction details
XRG acquired an additional 7.6% equity interest in Trains 4 and 5 of the Rio Grande LNG project at the Port of Brownsville, Texas, purchasing the stake from an acquisition vehicle of Global Infrastructure Partners (GIP). The deal builds on XRG's earlier indirect 11.7% interest in Phase 1 (Trains 1–3) acquired through GIP. The transaction received customary regulatory approvals, including clearance from the Committee on Foreign Investment in the United States (CFIUS).
Project scale and timetable
Together, Trains 4 and 5 are expected to have roughly 12 million tonnes per annum (MTPA) of LNG capacity. Rio Grande LNG has approximately 30 MTPA of liquefaction capacity under construction across five trains. The project aims to begin production in the first half of 2027, with first gas into the facility targeted for the second half of 2026. As part of XRG's initial investment, ADNOC Trading secured a 20-year offtake for 1.9 MTPA from Train 4.
Strategic context
The investment advances XRG's integrated gas strategy linking supply, infrastructure and markets, and strengthens its North American portfolio across LNG, chemicals and advanced materials. Rio Grande LNG is expected to support around 7,500 construction jobs at peak and about 700 permanent jobs in the Rio Grande Valley. XRG frames the move as reinforcing U.S.-UAE energy cooperation and the long-term role of U.S. LNG in global energy security.
Source: XRG