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Monday, July 6, 2026 10:39 GMT

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Top News of UAE

UAE’s XRG Boosts US LNG Position with 2nd Rio Grande Stake Buy

published:06/07/2026 06:16 GMT

XRG, the international investment arm of Abu Dhabi National Oil Company (Adnoc), has announced that it has completed the acquisition of an additional equity interest in Trains 4 and 5 of Rio Grande LNG at the Port of Brownsville, Texas, US, thus marking a significant step in the execution of its global gas strategy. The transaction deepens XRG’s exposure to one of the world’s largest Liquefied Natural Gas (LNG) export facilities by giving it equity interests across all five trains currently...More


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