Mubadala Investment Company from Abu Dhabi seals its initial foray into US energy sector through natural gas and liquefied natural gas agreement.
Mubadala Energy, the Abu Dhabi-based investment company, has made a strategic move into the United States natural gas and Liquefied Natural Gas (LNG) market through a partnership with Kimmeridge. The investment, which amounts to a 24.1% equity stake in Caturus, a company formed via the rebranding of SoTex HoldCo and Kimmeridge Texas Gas, marks Mubadala's first significant investment in the US energy market [1][2][3].
Caturus is developing the Commonwealth LNG export terminal near Cameron, Louisiana. The terminal, with a planned capacity of 9.5 million tonnes per annum (mtpa), has secured long-term binding offtake agreements with major global buyers such as Glencore, JERA, and Petronas, demonstrating strong market commitment to the project [1][3][4][5]. The project's progress is active, with Technip Energies having been contracted for engineering, procurement, and construction (EPC) services. A final investment decision is expected later in 2025 [1][3][4][5].
Mubadala Energy's investment in Caturus signifies its commitment to active governance and stewardship, with two senior executives, Adnan Bu Fateem and Khaled Al Tamimi, appointed to the Caturus board of managers [2][3][4]. This strategic move aligns with Mubadala's global growth and energy transition strategy [1][2][3].
The Commonwealth LNG project is part of a broader strategy by Mubadala Energy to broaden its global footprint. This investment is also in line with the UAE's ambitious $1.4 trillion investment plan into the country, which includes increasing its investments in the US energy sector to $440 billion by 2035, up from the current $70 billion [6].
Kimmeridge, a Boston-based energy-focused private equity firm, is excited about the partnership, with Ben Dell, managing partner at Kimmeridge, expressing his belief in the potential for innovation across the LNG industry [7].
With the integration of upstream natural gas operations under Caturus Energy and the ongoing development of the Commonwealth LNG export terminal, Mubadala Energy's latest partnership signifies its focus on key energy markets [4]. The terminal is set to contribute significantly to the US LNG sector, as global LNG supply growth is expected to accelerate in 2026 to its fastest pace since 2019, primarily driven by additions in the US, Canada, and Qatar [8].
References:
[1] Mubadala Investment Company. (2025). Mubadala Energy Completes Strategic Investment in Caturus. Retrieved from https://www.mubadala.com/en/media/press-releases/mubadala-energy-completes-strategic-investment-in-caturus
[2] Mubadala Energy Appoints Adnan Bu Fateem and Khaled Al Tamimi as Representatives to Caturus Board of Managers. (2025). Retrieved from https://www.mubadala.com/en/media/press-releases/mubadala-energy-appoints-adnan-bu-fateem-and-khaled-al-tamimi-as-representatives-to-caturus-board-of-managers
[3] Caturus Announces Completion of Strategic Investment by Mubadala Energy. (2025). Retrieved from https://www.caturusenergy.com/news/caturus-announces-completion-of-strategic-investment-by-mubadala-energy
[4] Caturus Energy. (n.d.). Retrieved from https://www.caturusenergy.com/
[5] Commonwealth LNG. (n.d.). Retrieved from https://www.commonwealthlng.com/
[6] UAE to Invest $440 Billion in US Energy Sector by 2035. (2025). Retrieved from https://www.arabianbusiness.com/energy/uae-to-invest-440-billion-in-us-energy-sector-by-2035-691824.html
[7] Kimmeridge. (n.d.). Retrieved from https://www.kimmeridgeenergy.com/
[8] International Energy Agency. (2025). Global LNG Supply Growth to Accelerate in 2026. Retrieved from https://www.iea.org/reports/global-lng-supply-growth-to-accelerate-in-2026
- Mubadala Energy's 24.1% equity stake in Caturus, UAE's first significant investment in the US energy market, was announced recently.
- The Commonwealth LNG export terminal, developed by Caturus in Louisiana, aims to produce 9.5 million tonnes of LNG annually.
- Key global buyers like Glencore, JERA, and Petronas have already secured long-term contracts for the LNG produced at the Commonwealth terminal.
- Mubadala Energy's strategic move into the US LNG market is part of a broader strategy to expand its global footprint.
- Caturus's partnership with Mubadala Energy aligns with the UAE's $1.4 trillion investment plan, including a targeted $440 billion investment in the US energy sector by 2035.
- Kimmeridge, a Boston-based firm, is optimistic about the innovation potential the partnership holds for the LNG industry.
- According to the International Energy Agency, global LNG supply growth is projected to accelerate in 2026, with significant additions expected in the US, Canada, and Qatar.
