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XRG announced on Monday that it would increase its overall participation in Rio Grande LNG by acquiring an additional 7.6 percent equity interest in Trains 4 and 5 from an acquisition vehicle of Global Infrastructure Partners (GIP), a part of BlackRock.
The firm did not disclose financial details of the deal.
XRG said the transaction remains subject to customary closing conditions, including regulatory approvals.
The transaction builds on XRG’s initial investment in Rio Grande LNG, through which the company acquired an indirect 11.7% stake in Phase 1 of the project (Trains 1–3), also through GIP.
Additionally, as part of that transaction, Adnoc Trading entered into a 20-year LNG offtake agreement for 1.9 MTPA from Train 4.
In October 2025, NextDecade made the final investment decision on the fifth train at its Rio Grande LNG facility.
This FID came just over a month after NextDecade made a final investment decision on the fourth train.
Train 5 brings the total expected LNG production capacity under construction at Rio Grande LNG to approximately 30 mtpa.
Furthermore, NextDecade initiated the pre-filing process with the Federal Energy Regulatory Commission for the sixth liquefaction train and an additional marine berth at its Rio Grande LNG terminal.
NexDecade previously said that the sixth train is being developed adjacent to Train 5, inside the Rio Grande LNG site’s existing levee.
According to the firm, Train 6 operations could potentially begin as early as 2032, depending on the timeline for permits, commercialization, and financing.
