Mubadala Expands with U.S. Gas and LNG Investment via Kimmeridge

Mubadala Energy, headquartered in Abu Dhabi, has made a major move into the U.S. energy market by acquiring a 24.1% equity interest in Kimmeridge's SoTex HoldCo LLC. SoTex, which includes Kimmeridge Texas Gas and Commonwealth LNG, enhances Mubadala's global gas portfolio and aligns with its strategy to lead in energy transition efforts. This acquisition supports Mubadala's aim to be a major player in the global energy market, particularly in the U.S., where gas demand is steadily increasing. The deal allows Mubadala to leverage Kimmeridge's assets, such as the Eagle Ford unconventional gas business and the pre-FID Commonwealth LNG project in Louisiana. This initiative is seen as a cornerstone in Mubadala's ambitious growth trajectory across the gas value chain, positioning it for further expansions. The transaction, awaiting regulatory approvals, is a manifestation of both companies' commitment to sustainable and innovative energy solutions.