The UAE may have waved bye-bye to OPEC+, but it continues to wave howdy to American energy with investments in U.S. natural gas pipelines, upstream gas production, hydrogen, renewables, and LNG. Speaking of LNG, ADNOC (Abu Dhabi National Oil Company) holds an 11.7% stake in Phase I of NextDecade’s Rio Grande 18 MTPA export facility in Texas, slated for completion in the first half of 2027. Now, UAE sovereign wealth fund Mubadala Energy is throwing its hat in the ring with a multi-billion-dollar investment in an LNG export facility just down the road in Cameron Parish, La.

Reese Energy Consulting today is following the latest from Mubadala and its partners digging into deep pockets and betting $9.75 billion on the $13 billion, 9.5 MTPA Commonwealth LNG terminal in La. Asset manager Kimmeridge is among those partners who’ve created a strategic wellhead-to-water platform known as Caturus.   Houston-based Caturus last Friday announced a green light to go forth and build Commonwealth LNG, which is expected to be one of the Gulf Coast’s largest export terminals. Flush with long-term supply agreements, Commonwealth officially broke ground today with an estimated completion date of 2030.