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.
