Abu Dhabi, UAE – The Financial Times reported on Tuesday that the Abu Dhabi National Oil Company (ADNOC) intends to invest tens of billions of dollars. To establish a natural gas project in the United States.
Nemir Siddiqui, newly appointed chief investment officer at X, said:R.G, ADNOC’s international investment arm, told the newspaper that the company is studying 29 potential deals with the aim of establishing an integrated vertical global gas project.
My friend added that the strategy is to diversify X’s investments.R.G” in primary commodities. By operating across entire gas value chains.
The report stated that “X.R.G is considering options to establish a project that meets the growing global demand for liquefied natural gas. And the growing American demand to operate data centers.
Different stages of investment
My friend explained that potential investments could include all stages. Starting with extracting gas from the ground and owning pipelines and treatment plants. Up to liquefaction facilities to transport gas through water and perhaps even having regasification facilities and pipelines to end users in the target countries.
In response to a question about the company’s financial capacity in light of the challenges associated with the Iran war, my friend reaffirmed the company’s commitment to investing tens of billions of dollars in American energy value chains.
“This is a firm commitment, but we will only do so with expectations of a favorable return,” he added. The American market is a market we want to invest in boldly.
