ADNOC will invest ‘tens of billions’ of dollars into US natural gas through its investment arm XRG, Chief Investment Officer Nameer Siddiqui told the Financial Times. Already, XRG is deploying massive amounts of capital across the US natural gas sector, having acquired stakes in NextDecade's Rio Grande LNG platform in Brownsville, Texas—one of the world's largest LNG export facilities. The company is actively exploring 29 additional deals across the natural gas production chain.
Why This Matters
As energy markets navigate supply disruptions, UAE capital is scaling critical US LNG export infrastructure, strengthening America's position as a global energy supplier. These multi-billion-dollar investments expand Abu Dhabi's American energy footprint as XRG builds a vertically integrated gas business spanning production, infrastructure and export. XRG's growing US energy, chemicals and natural gas operations currently span 11 states, including Texas and Oklahoma, and support 10,000 jobs across North America.
“The US is a market where we want to be bold.” – Nameer Siddiqui, Chief Investment Officer of XRG
For more on how the UAE–US economic partnership is accelerating through backing US innovators, scaling businesses, and creating jobs, sign up for our bi-weekly newsletter.
