Abu Dhabi-based Mubadala Energy has announced a major investment into the US energy sector through the acquisition of a 24.1% interest in Kimmeridge’s SoTex HoldCo LLC. The stake was secured via the issuance of new equity and marks Mubadala Energy’s first entry into the American upstream gas and LNG market.
The deal supports Mubadala Energy’s global growth strategy and its commitment to the energy transition. Aligned with the UAE’s 2050 net zero goals, the investment reinforces the company’s mission to drive sustainable energy solutions through strategic global partnerships.
The equity investment will assist in the development of major gas projects in the Gulf Coast of the US.
Gulf Economist Staff Writer