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-0.000648508430609584 -0.000648508430609584 0.00129701686121928 0 0.00129701686121928 0.00129701686121928 0.00129701686121928 0.00129701686121928
Stock impact report

NextDecade (NEXT) Welcomes New Stakeholder for Rio Grande LNG [Yahoo! Finance]

NextDecade Corporation (NEXT) 
US:NASDAQ Investor Relations: next-decade.com/investors
Company Research Source: Yahoo! Finance
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 has declared the acquisition of the equity stake in the LNG project through an investment vehicle of a globally renowned infrastructure investor, Global Infrastructure Partners (GIP). GIP holds an equity stake in the Rio Grande LNG project. ADNOC acquired a portion of GIP's existing equity interest in Phase 1. ADNOC's acquisition in the United States is part of its international growth plan. The UAE oil giant aims to broaden its low-carbon LNG portfolio to meet the mounting demand for gas. It plans to increase its current LNG capacity of 6 million tons per annum (mtpa) to 15 mtpa by 2028. ADNOC's acquisition in Phase 1 of the Rio Grande LNG project also includes an option Show less Read more
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