Today in New York City, we celebrated the completion of our acquisition of an 11.7% stake in the first phase of the Texas-based Rio Grande LNG project. This significant investment continues XRG’s global investment momentum, underscoring our ambition to become a global leader in gas and LNG. This move aims to help meet the increasing energy demands driven by industry, AI advancements, and economic growth.
Together with Next Decade, BlackRock and the rest of the partners in Rio Grande LNG, we are looking forward to contributing to one of the world's most ambitious LNG export projects as it proceeds from construction to operation, helping to meet growing global energy demand.
Pictured are our Executive Chairman, Dr. Sultan Al Jaber, Larry Fink, Chairman and CEO of BlackRock, Adebayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners, and Mohamed Al Aryani, our President of International Gas.