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How many additional US LNG projects will ADNOC invest in by 2025?
4
Resolution / Starting Odds
No additional projects • 25%
1 additional project • 25%
2 additional projects • 25%
3 or more additional projects • 25%
ADNOC's press releases, SEC filings
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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Below 4.85M bpd • 25%
4.85M to 4.99M bpd • 25%
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0-2 projects • 25%
3-5 projects • 25%
6-8 projects • 25%
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0-5 projects • 33%
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ExxonMobil • 25%
TotalEnergies • 25%
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1-2 Partnerships/Acquisitions • 34%
3-5 Partnerships/Acquisitions • 33%
More than 5 • 33%
No further investments • 25%
One additional acquisition or partnership • 25%
Two additional acquisitions or partnerships • 25%
Three or more additional acquisitions or partnerships • 25%
None • 25%
1-2 projects • 25%
3-4 projects • 25%
More than 4 projects • 25%
0-2 projects • 25%
3-5 projects • 25%
6-8 projects • 25%
More than 8 projects • 25%
No additional projects • 33%
1-2 additional projects • 33%
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No additional partners • 25%
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