SUBSCRIBE
PROFILE

Mubadala Energy enters US market with stake in SoTex

Mubadala Energy acquires 24.1% of Kimmeridge’s SoTex HoldCo, marking its first foray into the US gas and LNG market.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Mubadala Energy, the international energy company based in Abu Dhabi, has finalised an agreement with energy-focused asset manager Kimmeridge to acquire a 24.1% stake in SoTex HoldCo LLC. The transaction, executed through the issuance of new equity, marks Mubadala Energy’s first operation in the US gas sector.

Two strategic assets in gas and LNG

SoTex HoldCo owns two key subsidiaries: Kimmeridge Texas Gas, which operates in unconventional gas exploration and production in the Eagle Ford region of South Texas, and Commonwealth LNG, responsible for a liquefaction and export project located at the mouth of the Calcasieu Pass in Louisiana. The Commonwealth LNG site is designed for an annual capacity of 9.3 million metric tonnes. The project is currently in the final stages of pre-investment decision preparations, with exports expected to begin by 2029.

Kimmeridge Texas Gas currently produces over 500 million cubic feet equivalent per day (MMcfe/d), with plans for organic growth to reach 1.5 billion cubic feet equivalent per day (Bcfe/d) by 2031. Through SoTex, Kimmeridge aims to establish the first fully integrated independent gas operator in the United States, delivering low-cost natural gas from wellhead to export.

Expansion of Mubadala Energy’s gas portfolio

This entry into the North American market forms part of Mubadala Energy’s international strategy to expand its presence across the gas value chain. The transaction enhances the geographic scope of the company’s gas portfolio and is built upon a mix of producing assets and development-stage infrastructure.

The US market, recognised for its depth and infrastructure quality, presents a favourable environment for asset transfers and growth transactions. This deal also positions Mubadala Energy to capitalise on global LNG demand trends, particularly in fast-growing sectors such as energy-powered data centres.

  • Popular on energynews.pro
GE Vernova to supply 42 turbines for new Greenvolt wind farm in Romania
US oil activity slows as gas drives M&A rebound in 2026
Ecopetrol targets 88.2 MWp with acquisition of seven solar projects in Colombia
TotalEnergies sells 40% of two Nigerian licences to Chevron in strategic deal
Argentina signs 8-year LNG export deal with Germany
Nigeria unlocks $128 million to repay gas debts
The Nigerian government has approved a payment of NGN185bn ($128 million) to settle debts owed to gas producers, aiming to secure electricity supply and attract new investments in the energy sector.
Riley Permian sells New Mexico gas project for $111 million
Riley Exploration Permian has finalised the sale of its Dovetail Midstream entity to Targa Northern Delaware for $111 million, with an additional conditional payment of up to $60 million. The deal also includes a future transfer of equipment for $10 million.
Stanwell secures exclusivity on 1,860 MW hybrid energy project in Gladstone
Stanwell has secured an exclusive agreement with Quinbrook for the development of the Gladstone SDA Energy Hub, combining gas turbines and long-duration battery storage to support Queensland’s electricity grid stability.
US LNG profitability under pressure as domestic prices surge
The growth of US liquefied natural gas exports could slow if rising domestic costs continue to squeeze margins, as new volumes hit an already saturated global market.
Turkmenistan seeks to expand gas export routes beyond China
Turkmenistan is leveraging the Global Gas Centre to build commercial links in Europe and South Asia, as it responds to its current dependence on China and a shifting post-Russian gas market.
BOTAŞ strengthens LNG capacity with expansion of Marmara Ereğlisi terminal
The Marmara Ereğlisi liquefied natural gas (LNG) terminal operated by BOTAŞ is increasing its regasification capacity, consolidating Türkiye’s role as a regional player in gas redistribution toward the Balkans and Southeast Europe.
Hungary to launch legal challenge after EU agreement on ending Russian gas imports
Budapest contests the European agreement to ban Russian natural gas imports by 2027, claiming the measure is incompatible with its economic interests and the European Union's founding treaties.
Europe enacts the end of Russian gas and enforces a total reshaping of its gas market
The European Union has enshrined in law a complete ban on Russian gas by 2027, forcing utilities, operators, traders and states to restructure contracts, physical flows and supply strategies under strict regulatory pressure.
Perenco supplies gas to Moundou and reignites debate over energy investments in Chad
The partial exploitation of associated gas from the Badila field by Perenco supplies electricity to Moundou, highlighting the logistical and financial challenges of gas development in Chad.
The European Commission enforces full transparency on gas contracts
A new regulation requires gas companies to declare the origin, volume and duration of their contracts, as the EU prepares to end Russian imports.
Saudi Arabia activates 450 MMcf/d at Jafurah to maximise revenues
Saudi Aramco has launched production at the unconventional Jafurah gas field, initiating an investment plan exceeding $100bn to substitute domestic crude and increase exportable flows under OPEC+ constraints.
PLN secures 103 LNG cargoes for 2026 as Indonesia anchors its supply strategy
By mobilising long-term contracts with BP and new infrastructure, PLN is driving Indonesia’s shift toward prioritising domestic LNG use, at the centre of a state-backed investment programme supported by international lenders.
TotalEnergies and Japanese groups launch 250 MW e-gas project in Nebraska
TotalEnergies, TES and three Japanese companies will develop an industrial-scale e-gas facility in the United States, targeting 250 MW capacity and 75,000 tonnes of annual output by 2030.
UK withdraws $1.15bn funding from TotalEnergies gas project in Mozambique
The UK government has ended its financial support for TotalEnergies' liquefied natural gas project in Mozambique, citing increased risks and a lack of national interest in continuing its involvement.
China braces for record winter demand amid energy strain on coal, gas and UHV networks
Faced with a climate- and geopolitically-constrained winter, Beijing announces expected record demand for electricity and gas, placing coal, LNG and UHV grids at the centre of a national energy stress test.
Iraq launches joint investigation after drone attack on strategic Khor Mor gas site
The Iraqi government and Kurdish authorities have launched an investigation into the drone attack targeting the Khor Mor gas field, which halted production and caused widespread electricity outages.
PetroChina invests $5.43bn to integrate 11 Gm³ of strategic gas storage with PipeChina
PetroChina internalises three major gas storage sites through two joint ventures with PipeChina, representing 11 Gm³ of capacity, in a CNY40.02bn ($5.43bn) deal consolidating control over its domestic gas network.
European companies exposed to a wave of litigation over Russian LNG contracts
The European Union is facilitating the use of force majeure to exit Russian gas contracts by 2028, a risky strategy for companies still bound by strict legal clauses.
Funds shift from natural gas to EU carbon allowances
Amid an expected LNG surplus from 2026, investors are reallocating positions toward the EU carbon market, betting on tighter supply and a bullish price trajectory.
Axiom maintains $110mn lawsuit against Tidewater over Canadian asset dispute
Axiom Oil and Gas is suing Tidewater Midstream for $110mn over a gas handling dispute tied to a property for sale in the Brazeau region, with bids due this week.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.