Adnoc, Masdar, XRG, and Microsoft announced a strategic agreement to accelerate artificial intelligence (AI) deployment across Adnoc’s value chain, and to deliver energy solutions for Microsoft’s global AI and data centre growth.
XRG, the international energy investment platform launched by Adnoc in November 2024, has signed non-binding Heads of Terms to acquire a stake in Southern Gas Corridor (SGC) from the Ministry of Economy of Azerbaijan.
XRG, a lower-carbon energy company and a unit of Adnoc Distribution, has entered into a deal with Global Infrastructure Partners (GIP), a part of BlackRock, to increase its stake in Rio Grande LNG, deepening its exposure to one of the world’s largest LNG export facilities, located in Texas, US.
XRG, an energy investment company, will increase its stake in Rio Grande LNG, one of the world’s largest LNG export facilities in Brownsville, Texas, by acquiring an additional 7.6 per cent equity in Trains 4 and 5 from Global Infrastructure Partners, a BlackRock acquisition vehicle.
