20
May
2024

ADNOC makes debut US acquisition with 11.7% stake in NextDecade’s LNG project

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  • Move comes as UAE major pushes global presence
  • Deal will give ADNOC 20-year LNG supply
  • ADNOC acquires equity stake through GIP investment vehicle 

The UAE’s major oil company, Abu Dhabi National Oil Company, has bought a stake in NextDecade’s Texas-based natural gas export project in a deal that secures supply from the plant for the next two decades.

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