Abu Dhabi Investment Paves Way for $13 Billion US LNG Plant

Kimmeridge Energy Management Co. is moving forward with plans to build a $13 billion liquefied natural gas export plant on the US Gulf Coast after securing backing from an Abu Dhabi sovereign fund.

Mubadala Energy will provide equity financing for the project in Louisiana as part of a $9.75 billion funding package, clearing the way for construction to begin, according to a statement Friday. The plant is scheduled to begin operations in 2030.