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:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

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
PEMEX exceeds $9.9bn cap in bond repurchase offer
Terra Innovatum signs agreement with Argentina’s Conuar for SOLO nuclear reactor components
CPS Energy acquires 1,632 MW of natural gas capacity from ProEnergy for $1.39bn
Sion Power launches ultra-thin lithium-metal anode with 2-micron vacuum deposition
Singapore commits $55.6 million to forest carbon credits in Latin America and Africa
QatarEnergy and TotalEnergies launch final phase of major gas project in Iraq
QatarEnergy, TotalEnergies and Basra Oil Company begin construction of the final infrastructure components of Iraq’s integrated gas project, mobilising more than $13bn in investments to modernise the country’s energy supply.
MCF Energy reaches 3,310 metres on the Kinsau-1A well in Germany
MCF Energy has completed drilling of the Kinsau-1A well in Bavaria at 3,310 metres, reaching its geological targets with hydrocarbon presence, reaffirming the company’s commitment to its European gas projects.
Italian judge approves extradition of Ukrainian linked to Nord Stream sabotage
A Ukrainian national arrested in Italy will be extradited to Germany, where he is suspected of coordinating the 2022 attack on the Nord Stream 1 and 2 gas pipelines in the Baltic Sea.
Bringing forward the EU gas ban would push up TTF in Central Europe
Starting the ban on Russian gas as early as 2026 would raise benchmark prices, with a spread close to $1/MMBTU in 2026–2027 and spikes above $20/MMBTU in Austria, Hungary and Slovakia, amid tight regional supply and limited LNG availability.
Egypt signs new deals to revive domestic gas production
Cairo has concluded three new exploration agreements with Apache, Dragon Oil and Perenco, for a total investment of over $121mn, as national gas output continues to decline.
Fifth sanctioned Russian LNG carrier docks at Beihai terminal in China
The Iris carrier, part of the Arctic LNG 2 project, docked at China’s Beihai terminal despite US and EU sanctions, signalling intensifying gas flows between Russia and China.
Blackstone acquires Hill Top Energy Center for nearly $1bn in Pennsylvania
Blackstone Energy Transition Partners announces the acquisition of a 620-megawatt gas-fired power plant for nearly $1bn, reinforcing its energy investment strategy at the core of America’s digital infrastructure.
Argentina targets Brazil for gas exports despite Bolivian fees
Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.
Russian Arctic LNG 2 deliveries to Asia to slow this winter
The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.
Nigeria and Libya study 3,300 km gas pipeline to connect to Europe
Nigeria and Libya have initiated technical discussions on a new pipeline project to transport Nigerian gas to Europe through the Mediterranean network.
China–Russia: Beijing secures a gas hedge with PoS2 and LNG cargoes
Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.
Canada fast-tracks five major energy and mining projects
The Canadian government aims to reduce approval delays for strategic projects, including liquefied natural gas, nuclear and mining operations, amid growing trade tensions with the United States.
Sub-Saharan Africa LNG exports expected to triple by 2034
Liquefied natural gas exports in sub-Saharan Africa will reach 98 bcm by 2034, driven by Nigeria, Mozambique, and the entry of new regional producers.
Angola invests in natural gas despite technical challenges at Soyo
Backed by an ambitious public investment plan, Angola is betting on gas to offset declining oil output, but the Angola LNG plant in Soyo continues to face operational constraints.
Finland criticises Hungary and Slovakia over Russian oil purchases
Finnish President Alexander Stubb denounced fossil fuel imports from Russia by Hungary and Slovakia as the EU prepares its 19th sanctions package against Moscow.
JERA targets 20-year contract for Alaskan LNG with Glenfarne
Japanese giant JERA has signed a letter of intent to purchase one million tonnes of LNG per year from Alaska, as part of a strategic energy agreement with the United States.
Chevron and HelleniQ Energy submit joint bid for four gas blocks off Crete
US-based Chevron has submitted a bid with HelleniQ Energy to explore four offshore blocks south of Crete, marking a new strategic step in gas exploration in the Eastern Mediterranean.
GTT wins contract for LNG tanks on floating unit in Africa
GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
BlackRock and partners target $10.3 billion for Aramco gas deal financing
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
TotalEnergies strengthens its presence in the United States with Rio Grande LNG Train 4
TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.

Log in to read this article

You'll also have access to a selection of our best content.