SEATTLE (Oil Monster): Abu Dhabi- headquartered energy major Mubadala Energy announced that it has closed the recently reported strategic investment in the U.S. natural gas sector in partnership with Kimmeridge. Also, it announced rebranding of SoTex HoldCo to Caturus, in which it now owns 24.1% equity stake.
The closing of the transaction is subject to the clearance of the voluntary filing submitted under the U.S. government’s CFIUS (Committee on Foreign Investment in the United States).
Caturus is reportedly building the leading integrated natural gas and LNG export platform in the U.S. via Commonwealth LNG, a 9.5 mtpa liquefied natural gas export terminal to be located near Cameron, Louisiana. As per reports, Commonwealth LNG has contracted Technip Energies to provide EPC services towards building the facility, the final investment decision (FID) od which is expected later this year.
The deal is expected to help Mubadala further strengthen its position across the gas value chain. The significant U.S. investment is in line with Mubadala Energy’s global growth strategy.
As part of the transaction, Mubadala Energy has appointed two representatives to the Caturus Board of Managers
