ADNOC’s XRG Reviews 29 US Gas Deals in Bid to Build Vertically Integrated Global Gas Business
ADNOC’s international investment arm XRG, is planning to invest tens of billions of dollars to build a vertically integrated natural gas business in the United States, with Chief Investment Officer Nameer Siddiqui, telling the Financial Times the company is evaluating 29 potential deals spanning upstream production, pipelines, processing, liquefaction, and regasification. XRG recently increased its stake in the Rio Grande LNG project in Texas by 7.6%, adding exposure to Trains 4 and 5. The strategy targets both surging global LNG demand and growing US gas consumption from data centers. With ADNOC’s domestic Hormuz-exposed infrastructure under strain and the UAE having just exited OPEC, Abu Dhabi is accelerating a pivot toward US-based gas assets as a structurally safer, long-term revenue base outside the Gulf’s geopolitical risk zone.

