Mohamed Al Aryani , President of XRG’s International Gas business, commented: “Expanding our investment in Rio Grande LNG reinforces XRG’s commitment to delivering on our global gas strategy and advancing the vital role LNG plays in providing reliable and flexible energy supply to international markets.
“The project continues to progress well, with strong construction momentum marking steady steps toward bringing new LNG capacity online. By growing our presence in U.S. LNG, we are strengthening a resilient, globally scaled gas platform while further deepening the UAE–U.S. energy partnership—supporting energy security, jobs, and investment‑driven growth.”
While financial details of the transaction are not disclosed, the acquisition is subject to customary closing conditions, including regulatory approvals. Currently, the development of the five trains is estimated at $31.8 billion. The LNG plant has a potential liquefaction capacity of 48 mtpa, with enough space for up to ten trains.
With an expected LNG production capacity of approximately 6 mtpa, trains 4 and 5 each have LNG offtake agreements with high-credit quality offtakers, providing strong long-term commercial underpinning for the project.
“Rio Grande LNG is a significant contributor to the U.S. economy. The project provides more than 5,000 construction jobs and approximately 700 long-term jobs in the Rio Grande Valley,” emphasized XRG.