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Market
Has the first LNG shipment from Rio Grande Train 4 to ADNOC been made by mid-2027?
4
Resolution / Starting Odds
Shipped • 50%
Not Shipped • 50%
Shipping records, official statements from ADNOC or NextDecade
Story
ADNOC Secures 11.7% Stake in NextDecade's Texas LNG Project, 20-Year Offtake Deal
May 20, 2024, 10:12 AM
Abu Dhabi National Oil Company (ADNOC) has made its first investment in a US LNG export project by securing an 11.7% stake in NextDecade's Rio Grande Phase 1 (Trains 1-3) in Texas. The deal includes a 20-year LNG offtake agreement, under which ADNOC will purchase 1.9 million tons per year of LNG from Rio Grande Train 4. This investment reflects ADNOC's strategic bet on future gas demand.
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