NextDecade (NEXT) Welcomes New Stakeholder for Rio Grande LNG

NextDecade Corporation (NEXT) has announced a major development regarding its Rio Grande LNG project in Texas. UAE oil giant ADNOC (Abu Dhabi National Oil Company) has acquired an 11.7% stake in Phase 1 of the Rio Grande LNG project, which includes the three liquefaction trains, Trains 1 to 3. NEXT has announced that it has signed a 20-year LNG offtake agreement with ADNOC for Train 4 of the Rio Grande LNG project. ADNOC's acquisition in the United States is part of its international growth plan. The UAE oi ...