Abu Dhabi's Mubadala Energy now owns 24.1% stake in rebranded Kimmeridge gas unit Caturus
The Abu Dhabi energy company said the Kimmeridge partnership supports its long-term plans to build a position in the US' integrated natural gas and LNG sector.
Caturus is building an integrated natural gas and LNG export platform in the US through a combination of its upstream operations under Caturus Energy, formerly Kimmeridge Texas Gas, and via Commonwealth LNG.
The Louisiana LNG project is developing a 9.3 million metric tons per annum liquefaction and export facility.
As part of the transaction, Mubadala Energy has appointed two representatives to the Caturus Board of Managers, including Adnan Bu Fateem, Chief Operating Officer and Khaled Al Tamimi, Senior Vice President, Non-Operated Assets at Mubadala Energy.
Financial details of the deal have not been disclosed.
(Writing by Bindu Rai, editing by Brinda Darasha)
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