Mubadala Energy Secures Stake in US LNG Export Platform
Abu Dhabi's Mubadala Energy has acquired a 24.1% equity stake in Caturus, a rebranded platform for natural gas and liquefied natural gas exports, following the successful closure of its investment in partnership with alternative asset manager Kimmeridge. This move marks a significant step in Mubadala's strategy to strengthen its foothold in the US energy market, specifically within the integrated natural gas and LNG sectors.
Mubadala Energy's involvement in the US market reflects its broader strategy to diversify its portfolio, tapping into high-growth energy markets outside its core base. The company's new stake in Caturus aligns with its goal to expand its presence in global energy infrastructure, particularly in areas that promise long-term stability and returns.
ADVERTISEMENT
The deal, valued at an undisclosed sum, solidifies Mubadala Energy's growing influence in the North American energy sector, which has been experiencing a surge in LNG exports. The US has become a crucial player in the global LNG market, with rising production levels and the establishment of new infrastructure facilitating an increasing flow of exports, particularly to Europe and Asia.
Kimmeridge, a US-based alternative asset manager, has also made substantial strides with its role in Caturus, cementing its position as a key player in energy investments. The collaboration between Mubadala and Kimmeridge is part of a wider effort to create a more integrated and efficient LNG export system, as the two firms look to leverage their combined expertise to drive future growth and development in the sector.
This partnership highlights the growing trend of international energy companies and investment firms looking to the US as a prime location for natural gas and LNG infrastructure. The US energy landscape has seen significant transformation in recent years, with abundant shale gas reserves and increased technological advancements enabling greater extraction and export capabilities.
Caturus itself is designed to optimise the export of LNG, focusing on enhancing infrastructure, improving logistics, and ensuring the delivery of natural gas to international markets with efficiency and minimal environmental impact. The platform's focus on sustainability aligns with Mubadala's wider goals of promoting cleaner energy solutions and reducing carbon emissions within its portfolio.
By securing a stake in this critical infrastructure, Mubadala Energy not only diversifies its holdings but also strengthens its role in the ongoing global shift towards cleaner energy sources. The company has committed to transitioning its investments towards more sustainable energy solutions, with a particular focus on natural gas, which is seen as a cleaner alternative to coal and oil in power generation.
Caturus's strategic location within the US allows it to access key markets, positioning it as a vital part of the LNG export network. With LNG demand increasing globally, particularly in Asia, the platform is well-placed to capitalize on the growing need for cleaner and more sustainable energy options. Mubadala's participation in this project is expected to enhance its capacity to meet the increasing energy demands of international markets while positioning itself as a responsible player in global energy transitions.
The shift towards LNG and natural gas aligns with broader global energy policies that are looking to reduce carbon emissions and transition away from coal. As countries around the world pursue cleaner alternatives to traditional energy sources, LNG has become an attractive option due to its lower emissions profile compared to coal and oil. The increased export of LNG from the US is particularly important as it helps to meet the energy needs of European and Asian markets, which have increasingly turned to LNG for their energy security needs.
Mubadala Energy's commitment to sustainability and the environment also underpins this investment. The company has set ambitious goals to reduce its carbon footprint and increase its investments in renewable and low-carbon energy technologies. This aligns with the UAE's broader energy strategy, which has placed a strong emphasis on cleaner energy, and further reinforces Mubadala's role in contributing to these global efforts.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
6 hours ago
- Gulf Today
Foreign investors pump $2.5 billion into Korean stocks in July
Foreign investors bought more Korean stocks for the third month in a row in July, helped by the strong performance of the local stock market, data showed Thursday. According to Yonhap news agency, offshore investors bought a net 3.41 trillion won (US$2.46 billion) worth of local stocks last month, following a net purchase of 3.07 trillion won the previous month, according to the data from the Financial Supervisory Service (FSS). Foreigners had been net sellers of Korean stocks for nine consecutive months through April, but turned to net buying in May. Following their purchase in July, offshore investors owned 921.6 trillion won worth of local stocks, or 27.7 percent of total market capitalisation. By country, investors from the United States were the top buyers, net purchasing 2.48 trillion won worth of shares, followed by those from Ireland with 765 billion won, according to the data. In the local bond market, foreign investors purchased a net 3 trillion won worth of bonds last month, marking the sixth consecutive month of net buying. Their holdings of local bonds had come to 307.7 trillion won as of end-July, accounting for 11.4 percent of listed bonds here, the data showed. In July, the benchmark Korea Composite Stock Price Index (KOSPI) rose more than 6 percent, hitting a yearly high of 3,254.47 on July 30. WAM
Gulf Today
6 hours ago
- Gulf Today
TCS layoffs herald AI shakeup of $283 billion outsourcing sector
Indian outsourcing giant Tata Consultancy Services' decision to cut over 12,000 jobs signals the start of a broader AI-fueled trend that could end up eliminating around half a million jobs over the next two to three years from the $283 billion sector, experts said. While TCS pegged the move to shed 2 per cent of its workforce to skill mismatches rather than AI-related productivity gains, experts viewed the largest-ever layoffs by India's top private employer as the beginning of things to come in the labour-intensive sector. Roughly 12,200 TCS middle and senior management jobs will be lost. The industry, which has played a crucial role in creating a middle class in India, is increasingly seeing AI being used for everything from basic coding to manual testing and customer support. The sector employed 5.67 million people as of March 2025 and accounted for over 7 per cent of India's GDP. It has a huge multiplier effect due to the direct and indirect jobs it creates and the cars-to-homes consumption it drives in the world's fifth-largest economy. It has historically absorbed a majority of India's engineers but that will change as rising AI use ekes out more efficiencies and demands newer skills that many current employees lack, according to half a dozen industry veterans, analysts, and staffing firms. 'We are in the midst of a massive transition that will transform white-collar work as we know it,' said Silicon Valley-based Constellation Research founder and chairman Ray Wang, echoing other experts who warned that more layoffs are likely on the cards. The most vulnerable employees include pure people managers with minimal tech knowledge, those in charge of testing or identifying bugs and ensuring user-friendliness before delivering software to clients, and infrastructure management staff who provide basic tech support and ensure networks and servers are working well, experts said. 'About 400,000 to 500,000 professionals are at risk of being laid off over the next two to three years as their skills don't match client demands,' tech market intelligence firm UnearthInsight's founder Gaurav Vasu said, adding that about 70% of those layoffs would impact workers with 4-12 years' experience. 'This (fear stemming from TCS layoffs) may hurt consumer demand for tourism, luxury shopping and even delay long-term investments such as real estate,' Vasu said. TCS and its peers Infosys, HCLTech, Tech Mahindra, Wipro, LTIMindtree, and Cognizant collectively employ over 430,000 workers with 13 to 25 years of experience, according to staffing firm Xpheno. 'At the moment, they may appear like the big fat middle layer,' Xpheno's co-founder Kamal Karanth said. None of the IT firms responded to Reuters queries seeking comment. 'With cost optimization being the key driver for new deal wins, clients are asking for productivity benefits - a trend which is also growing due to the rise in AI adoption. This requires IT firms to do more work with the same number of employees or the same work with fewer employees,' Jefferies analyst Akshat Agarwal said in a research note. TCS, which had more than 613,000 workers before the layoffs, said in its late July announcement it was gearing up to be 'future-ready' by investing in new technologies, entering new markets, deploying AI at scale for its clients and itself, and realigning its workforce model. It did not answer Reuters queries on how many layoffs were tied to AI adoption and why it could not redeploy the affected employees. 'This is very devastating news,' said a 45-year-old, Kolkata-based TCS employee affected by the latest layoffs. 'It is very difficult for people my age to get new jobs.' Some others who are still at TCS fretted over its mediocre performance bonuses for senior employees in recent quarters, a new 'bench policy' that limits the time somebody could be without a project regardless of personal circumstances or past performance, on-boarding delays, and the emotional turmoil caused by the layoffs. 'All these developments have tanked the morale of mid-career folks like me,' a Pune-based TCS employee said. The Indian outsourcing sector has been a key employment engine since the 1990s, offering upward mobility to millions of engineers. But revenue growth has weakened recently as its clients, stung by inflation and US tariff uncertainty, defer discretionary spending and demand better cost management. 'The tech industry is at an inflection point, as AI and automation move to the very core of how businesses operate,' industry body Nasscom said. During past tech revolutions, disruption was felt at the organisational level. 'With AI, for the first time, the onus is on the individual to reinvent or re-skill themselves,' former Tech Mahindra CEO CP Gurnani said. Reuters
Gulf Business
10 hours ago
- Gulf Business
Mubadala Energy closes Caturus stake deal in US
Image: Supplied Abu Dhabi's Mubadala Energy has completed a strategic investment in US natural gas through a partnership with private equity firm Caturus is developing an integrated US natural gas and liquefied natural gas (LNG) export platform, combining upstream operations under Caturus Energy — previously Kimmeridge Texas Gas — with Commonwealth LNG, a planned 9.5 million tonnes per annum export terminal near Cameron, Louisiana. Commonwealth LNG has appointed Technip Energies for engineering, procurement and construction work and expects a final investment decision later this year. The project has signed long-term binding offtake deals with Glencore, Japan's JERA and Malaysia's PETRONAS. Deal marks Mubadala energy's entry into US energy market The deal marks 'Today's announcement is further evidence of our international growth strategy in action,' said Mansoor Mohammed Al Hamed, managing director and CEO of Mubadala Energy. '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.' Ben Dell, managing partner at Kimmeridge, said Mubadala Energy's investment was 'a strong endorsement of our strategy at Caturus' and that the partners aimed to create 'the only fully integrated natural gas independent'. As part of the deal, Mubadala Energy appointed COO Adnan Bu Fateem and SVP for Non-Operated Assets Khaled Al Tamimi to Caturus' board of managers. Bu Fateem said the company's active investment approach would help 'shape the strategic direction of this platform to ensure the commercial, operational and sustainability priorities are met.' The transaction closed after clearance from the Committee on Foreign Investment in the United States (CFIUS).
