Abu Dhabi’s XRG backs Argentina’s LNG export ambitions

Abu Dhabi’s XRG, the international arm of ADNOC, is investing in Argentina’s push to become a major player in the liquefied natural gas (LNG) export market. In June, XRG agreed to take a 32% stake in three Argentine gas blocks, which will supply the country’s first LNG export terminal. The terminal is designed to produce 12 million tons of LNG annually in its initial phase.

Sultan Al Jaber, Executive Chairman of ADNOC, emphasized the importance of global cooperation in securing energy futures. He stated, “No country or company secures its energy future alone,” during a speech in Paris last week.

International investments in LNG projects have become increasingly critical for Gulf producers, especially as exports from their home markets face constraints. This year, QatarEnergy took a stake in Golden Pass LNG in Texas, while Saudi Aramco acquired an interest in the nearby Port Arthur LNG terminal. XRG has also invested in LNG projects in Texas and Mozambique.