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Is Rio Grande Phase 1 (Trains 1-3) construction completed by end of 2026?
4
Resolution / Starting Odds
Completed • 50%
Not Completed • 50%
Project updates from NextDecade, industry reports
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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On schedule • 33%
Delayed • 33%
Canceled • 33%
Approval of new funding • 25%
Completion of a major segment • 25%
Project delay announced • 25%
No significant milestone • 25%
Less than 5 stations • 33%
5-7 stations • 34%
More than 7 stations • 33%