Latest news with #NEXT.O
Reuters
11-04-2025
- Business
- Reuters
Abu Dhabi's ADNOC mulls bid for Aethon's US natgas assets, Bloomberg News reports
April 11 (Reuters) - Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG and renewables it considers as pillars for its future growth. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Last year, the energy giant bought a stake in NextDecade's (NEXT.O), opens new tab liquefied natural gas export project in Texas along with a 20-year supply deal. Deliberations regarding the U.S. energy-focused investment firm's assets are in the early stages and no final agreements have been reached, the report added. Reuters in November reported that Aethon was exploring options for its natural gas production and midstream assets that include a sale or an initial public offering at a valuation of about $10 billion. The upstream assets of Aethon, which primarily focus on the Haynesville shale formation in Louisiana and East Texas, constitute one of the largest privately held U.S. gas producers. ADNOC and Aethon did not immediately respond to Reuters requests for comment.
Reuters
28-03-2025
- Business
- Reuters
US regulators issue preliminary environmental support for Rio Grande LNG
HOUSTON, March 28 (Reuters) - The Federal Energy Regulatory Commission issued a preliminary decision on Friday supporting environmental approval for NextDecade's (NEXT.O), opens new tab Rio Grande LNG project in southern Texas. In August, a Washington, D.C. Circuit court quashed the regulator's approval for the plant at the Port of Brownsville, Texas, saying it failed to issue a supplemental Environmental Impact Statement on how communities will be affected and ordered it to publish one for public comment. The comment period for the draft statement ends on May 19, FERC said. NextDecade has continued constructing the plant and in 2027 is expected to expand LNG capacity that will help the U.S. remain the world's leading exporter of the superchilled gas. U.S. President Donald Trump has declared an energy emergency and laid out a sweeping plan to maximize oil and gas production.
Reuters
11-03-2025
- Business
- Reuters
CERAWEEK NextDecade CEO expects natural gas demand to keep growing at 2%
HOUSTON, March 11 (Reuters) - NextDecade Corporation (NEXT.O), opens new tab CEO Matt Schatzman said on Tuesday he expects natural gas demand to continue to grow at around 2% for the next 15 years. "When you look at natural gas demand over the last 15 years, I think it's grown by almost 2% fairly steadily. I expect it's going to continue to grow at around the same rate over the next 15 years," he said at the CERAWeek energy conference in Houston. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
