Adnoc Increases Stake in Rio Grande LNG Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: seekingalpha
- Stake Acquisition: Abu Dhabi's Adnoc announced on Monday that it has acquired a 7.6% equity interest in the second phase of the Rio Grande liquefied natural gas project from BlackRock's Global Infrastructure Partners, further solidifying its position in the U.S. LNG market.
- Project Scale: The second phase will include two trains capable of processing approximately 12 million metric tons of LNG per year, with total costs exceeding $13 billion, reflecting Adnoc's confidence in future LNG demand.
- Strategic Positioning: This acquisition follows Adnoc's 2024 purchase of an 11.7% stake in the initial phase of Rio Grande LNG, indicating its commitment to being part of one of the world's largest LNG facilities, which is expected to have a shipping capacity of 60 million metric tons per year.
- Construction Timeline: The first phase of the Rio Grande LNG project began construction in 2023 and is expected to start production in 2027, while the second phase is likely to be substantially complete by 2031, highlighting Adnoc's long-term strategic collaboration with partners like NextDecade.
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Analyst Views on NEXT
Wall Street analysts forecast NEXT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEXT is 7.00 USD with a low forecast of 7.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 5.250
Low
7.00
Averages
7.00
High
7.00
Current: 5.250
Low
7.00
Averages
7.00
High
7.00
About NEXT
NextDecade Corporation is an energy company. The Company is engaged in construction and development activities related to the liquefaction and sale of liquefied natural gas (LNG) and the capture and storage of carbon dioxide (CO2) emissions. The Company is constructing and developing a natural gas liquefaction and export facility located in the Rio Grande Valley in Brownsville, Texas (the Rio Grande LNG Facility), which has three liquefaction trains and related infrastructure under construction. Through its subsidiary, Rio Grande LNG, LLC (Rio Grande), the Company is constructing the Rio Grande LNG Facility on the north shore of the Brownsville Ship Channel. The site is located on 984 acres of land which has been leased long-term and includes 15 thousand feet of frontage on the Brownsville Ship Channel. It is also developing a planned carbon capture and storage (CCS) project at the Rio Grande LNG Facility and other potential CCS projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Adnoc Increases Stake in Rio Grande LNG Project
- Stake Acquisition: Abu Dhabi's Adnoc announced on Monday that it has acquired a 7.6% equity interest in the second phase of the Rio Grande liquefied natural gas project from BlackRock's Global Infrastructure Partners, further solidifying its position in the U.S. LNG market.
- Project Scale: The second phase will include two trains capable of processing approximately 12 million metric tons of LNG per year, with total costs exceeding $13 billion, reflecting Adnoc's confidence in future LNG demand.
- Strategic Positioning: This acquisition follows Adnoc's 2024 purchase of an 11.7% stake in the initial phase of Rio Grande LNG, indicating its commitment to being part of one of the world's largest LNG facilities, which is expected to have a shipping capacity of 60 million metric tons per year.
- Construction Timeline: The first phase of the Rio Grande LNG project began construction in 2023 and is expected to start production in 2027, while the second phase is likely to be substantially complete by 2031, highlighting Adnoc's long-term strategic collaboration with partners like NextDecade.
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Analysts Recommend Chenier Energy and NextDecade
- Investment Recommendation: Motley Fool contributors Jason Hall and Tyler Crowe recommend Chenier Energy and NextDecade in their video, indicating the potential of these companies in the LNG market, which may attract investor interest.
- Market Performance: As of January 22, 2026, Chenier Energy's stock price rose by 0.27%, while NextDecade's stock price increased by 0.77%, reflecting a positive market response to both companies.
- Video Release: The video was published on January 25, 2026, aiming to provide investors with insights into the LNG industry to help them make more informed investment decisions.
- Industry Outlook: With the growing global demand for clean energy, the LNG sector's growth potential is widely recognized, and as industry players, Chenier Energy and NextDecade stand to benefit from this trend.
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