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flag Abu Dhabi’s XRG buys 7.6% stake in Texas LNG project, boosting U.S.-UAE energy ties.

flag XRG, an Abu Dhabi National Oil Company investment arm, has acquired a 7.6% equity stake in Trains 4 and 5 of the Rio Grande LNG project in Texas from a BlackRock-owned Global Infrastructure Partners vehicle. flag The move expands XRG’s involvement in the project, which is set to produce 6 million metric tons of LNG annually per train, with long-term contracts in place. flag The expansion supports U.S.-UAE energy cooperation, adds to the project’s $13 billion Phase 2 funding, and is expected to generate over 5,000 construction and 700 permanent jobs. flag The deal remains subject to regulatory approvals, with financial terms undisclosed.

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