XRG Increases Stake in Major US LNG Export Project

XRG is acquiring a 7.6% additional stake in the Rio Grande project in Texas via GIP, strengthening its global LNG market position as part of its international strategy.

XRG has announced its intention to increase its stake in the Rio Grande project, one of the world's largest liquefied natural gas (LNG) export facilities. The project is located in the port of Brownsville, Texas, USA. As part of the deal, the company will acquire an additional 7.6% stake, which includes the project's fourth and fifth trains. The transaction is being carried out through Global Infrastructure Partners (GIP), one of the world's key investors in the infrastructure sector under BlackRock. This deal strengthens XRG's position in the global LNG markets and marks a significant step in implementing its international gas strategy.

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