Adnoc secures equity position and lng offtake agreement in nextdecade's rio grande lng project

Houston--(business wire)--adnoc announced today the acquisition of a 11.7% stake in phase 1 (trains 1-3) of nextdecade corporation's (nextdecade) (nasdaq: next) rio grande lng (rglng), a leading liquefied natural gas (lng) export project located in texas, united states (us), which is expected to produce a less carbon-intensive lng. additionally, adnoc and nextdecade announced that they have entered into a 20-year lng offtake agreement from rglng train 4. the phase 1 rglng equity stake has been.
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