Mubadala Energy to double output over next decade with natural gas in focus
Abu Dhabi's Mubadala Energy aims to double output over the next decade, with natural gas accounting for about 70 per cent of its portfolio, its acting chief executive has said. Mubadala Energy, a unit of Abu Dhabi's sovereign wealth fund, is exploring investment opportunities in the natural gas value chain, with a number of ventures forged to boost the portfolio, Adnan Bu Fateem told state news…
Mubadala Energy, a unit of Abu Dhabi's sovereign wealth fund, plans to double its output over the next decade with a focus on natural gas, which will account for about 70% of its portfolio, according to its acting chief executive, Adnan Bu Fateem. The company, currently producing around 450,000 barrels of oil equivalent per day, aims to translate its strategy into "disciplined growth and reliable operational performance" to meet rising energy demand and deliver sustainable value to its shareholders.
Mubadala Energy operates in 10 countries, with seven producing assets across South-East Asia, the Middle East, the Eastern Mediterranean, and the US, and has recently expanded production capacity in Malaysia and accelerated deepwater natural gas development in Indonesia.
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- Mubadala Energy to double output over next decade with natural gas in focus thenationalnews.com
