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ADNOC Secures 11.7% Equity Position and LNG Offtake Agreement in NextDecade's Rio Grande LNG Project

Author: Benzinga Newsdesk | May 20, 2024 06:03am

ADNOC announced today the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation's (NextDecade) (NASDAQ:NEXT) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a 20-year LNG offtake agreement from RGLNG Train 4.

Posted In: NEXT