Hanwha Group is ramping up its efforts to establish a comprehensive liquefied natural gas (LNG) value chain in the United States. The group’s strategic vision includes acquiring a U.S.-based shipyard and supplying LNG produced in the U.S. to the European market.
Recently, Hanwha announced a significant investment of 360 billion won (approximately $260.47 million) to secure a 13.7% stake in NextDecade, a U.S. LNG developer. Specifically, Hanwha Aerospace will invest 180.6 billion won (approximately $130.67 million) for a 6.83% stake, and Hanwha Ocean will match this investment through its U.S. subsidiary, acquiring an equivalent stake.
Hanwha Group’s relationship with NextDecade dates back to 2018, with Hanwha Impact already holding a 9.07% stake through its U.S. investment subsidiary, HGC Next Inv.
Once the investments by Hanwha Aerospace and Hanwha Ocean are finalized, Hanwha Group will become the largest shareholder in NextDecade, with a 22.73% stake.
NextDecade is currently constructing the Rio Grande LNG terminal in Brownsville, Texas. Upon completion, this terminal will rank among the world’s largest LNG export facilities, with an annual production capacity of 27 million tons of LNG, starting from 2027.
