Energy
Abu Dhabi’s Mubadala Energy Buys First Stake in US Gas Output
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Abu Dhabi wealth fund Mubadala Investment Co. agreed to buy its first-ever stakes in US natural gas production and export projects, weeks after the Middle Eastern emirate promised major investments in America.
Mubadala’s energy unit will purchase a 24% interest in private equity firm Kimmeridge’s SoTex HoldCo LLC, which operates a shale gas field and is planning a liquefied natural gas export terminal in Louisiana, the companies said in a statement. They didn’t disclose a value for the transaction.