Abu Dhabi's Mubadala Energy has closed a US natural gas investment agreement by acquiring a stake in a company backed by alternative asset manager Kimmeridge, marking its first significant investment in the US energy market and advancing its global growth strategy.
The energy arm of the UAE capital's sovereign wealth fund now owns a 24.1 per cent equity stake in New York-based Kimmeridge’s SoTex HoldCo, which has been rebranded to Caturus, Mubadala said on Friday.
The transaction was first announced in April.
Caturus is building an integrated natural gas and LNG export platform in the US through its upstream operations under Caturus Energy, formerly Kimmeridge Texas Gas, and Commonwealth LNG, a 9.5 million metric tonne per annum (mtpa) liquefied natural gas export terminal that will be located near Cameron, Louisiana.
"The platform’s integrated and responsible approach aligns with our plans to invest across the gas value chain in key global energy hubs where we can play a proactive role in balancing energy security and transition priorities while creating long-term value for our shareholder," Mansoor Al Hamed, managing director and chief executive of Mubadala Energy, said.
Strategic position in US LNG sector
The partnership and Mubadala's foray into the world's largest economy and second-largest energy producer comes as the company seeks to broaden its global footprint.
Mubadala Energy, previously known as Mubadala Petroleum, has been actively expanding its portfolio, and its latest partnership in the US signifies the focus it has on key energy markets.
The move further strengthens its position across the gas value chain and aligns with its strategy to play a critical role in the energy transition by investing in low-emission energy sources, the company said. Mubadala Energy’s active investment approach supports long-term plans to build a strategic position in America's integrated natural gas and LNG sector, it added.
Commonwealth LNG recently announced it has contracted Technip Energies to provide engineering, procurement and construction services to build its facility. It expects to receive final investment decision later this year.
The LNG project is proceeding with "significant momentum" following the signing of a series of long-term binding LNG offtake agreements with top-tier global purchasers, including Glencore, Jera and Petronas, according to Mubadala.
As part of the transaction, Mubadala Energy appointed two representatives to the Caturus board of managers: Adnan Bu Fateem, who is chief operating officer at Mubadala Energy, and Khaled Al Tamimi, senior vice president of non-operated assets .
"Mubadala Energy’s investment approach helps create long-term value through active stewardship," Mr Bu Fateem said.
Commenting on the deal's closure, Ben Dell, managing partner at Kimmeridge, said: “We’re excited to collaborate in bringing the only fully integrated natural gas independent to life. Together, we will drive innovation across the LNG industry... contributing to a cleaner, more sustainable energy future.”
The UAE in May announced plans to increase the value of its investments in the US energy sector to $440 billion by 2035, from the current $70 billion.
This is part of the UAE’s $1.4 trillion investment plan into the country.
The plan was announced during US President Donald Trump's meeting with top business leaders in the Emirates.
Natural gas demand
Following a strong expansion in 2024, global natural gas demand rose at a much slower rate in the first half of 2025, according to the latest quarterly Gas Market Report by the the International Energy Agency.
"Macroeconomic uncertainty, together with tight supply fundamentals and relatively high prices, weighed on natural gas consumption, particularly in price-sensitive markets in Asia," it said.
However, global LNG supply growth is set to accelerate in 2026 to its fastest pace since 2019, primarily driven by additions in the US, Canada and Qatar, according to IEA.
"Easing supply fundamentals are expected to support stronger gas demand growth, especially in key Asian import markets," it said.
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COMPANY%20PROFILE
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HOW%20TO%20ACTIVATE%20THE%20GEMINI%20SHORTCUT%20ON%20CHROME%20CANARY
%3Cp%3E1.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fflags%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E2.%20Find%20and%20enable%20%3Cstrong%3EExpansion%20pack%20for%20the%20Site%20Search%20starter%20pack%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E3.%20Restart%20Chrome%20Canary%3C%2Fp%3E%0A%3Cp%3E4.%20Go%20to%20%3Cstrong%3Echrome%3A%2F%2Fsettings%2FsearchEngines%3C%2Fstrong%3E%20in%20the%20address%20bar%20and%20find%20the%20%3Cstrong%3EChat%20with%20Gemini%3C%2Fstrong%3E%20shortcut%20under%20%3Cstrong%3ESite%20Search%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E5.%20Open%20a%20new%20tab%20and%20type%20%40%20to%20see%20the%20Chat%20with%20Gemini%20shortcut%20along%20with%20other%20Omnibox%20shortcuts%20to%20search%20tabs%2C%20history%20and%20bookmarks%3C%2Fp%3E%0A
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
UAE currency: the story behind the money in your pockets
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
The six points:
1. Ministers should be in the field, instead of always at conferences
2. Foreign diplomacy must be left to the Ministry of Foreign Affairs and International Co-operation
3. Emiratisation is a top priority that will have a renewed push behind it
4. The UAE's economy must continue to thrive and grow
5. Complaints from the public must be addressed, not avoided
6. Have hope for the future, what is yet to come is bigger and better than before
Sour%20Grapes
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Company%C2%A0profile
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UAE currency: the story behind the money in your pockets
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
COMPANY%20PROFILE
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RESULTS
6.30pm UAE 1000 Guineas Trial Conditions (TB) US$100,000 (Dirt) 1,400m
Winner Final Song, Christophe Soumillon (jockey), Saeed bin Suroor (trainer).
7.05pm Handicap (TB) $135,000 (Turf) 1,000m
Winner Almanaara, Dane O’Neill, Doug Watson.
7.40pm Handicap (TB) $175,000 (D) 1,900m
Winner Grand Argentier, Brett Doyle, Doug Watson.
8.15pm Meydan Challenge Listed Handicap (TB) $175,000 (T) 1,400m
Winner Major Partnership, Patrick Cosgrave, Saeed bin Suroor.
8.50pm Dubai Stakes Group 3 (TB) $200,000 (D) 1,200m
Winner Gladiator King, Mickael Barzalona, Satish Seemar.
9.25pm Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m
Winner Universal Order, Richard Mullen, David Simcock.
About Krews
Founder: Ahmed Al Qubaisi
Based: Abu Dhabi
Founded: January 2019
Number of employees: 10
Sector: Technology/Social media
Funding to date: Estimated $300,000 from Hub71 in-kind support
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
MATCH INFO
Chelsea 3 (Abraham 11', 17', 74')
Luton Town 1 (Clark 30')
Man of the match Abraham (Chelsea)
Final scores
18 under: Tyrrell Hatton (ENG)
- 14: Jason Scrivener (AUS)
-13: Rory McIlroy (NIR)
-12: Rafa Cabrera Bello (ESP)
-11: David Lipsky (USA), Marc Warren (SCO)
-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)
