Energy
Abu Dhabi Takes $615 Million Stake in U.S. LNG Exporter
(Bloomberg) — Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas.
Abu Dhabi Investment Authority disclosed its holding in a filing dated Monday, giving it an interest in Cheniere valued at $615 million. It’s Cheniere’s fourth-largest shareholder, according to data compiled by Bloomberg.
The Trump administration has touted LNG exports as more than an economic boon for the U.S., viewing the shipments also as a foreign policy tool for spreading American influence abroad. Since the U.S. began shipping shale gas overseas in 2016, it’s vaulted into the ranks of the world’s top LNG suppliers. Houston-based Cheniere operates two export facilities: Corpus Christi in Texas and Sabine Pass in Louisiana.
ADIA has almost $580 billion in assets and is the world’s third-biggest government wealth fund, according to the SWF Institute.
-
Economy2 months agoNumber of Workers in GCC Countries Increase From 2021 to 2025
-
Magazines2 months agoOER Magazine April 2026 Issue
-
Economy2 months agoElectricity Tariffs Reduced for Residential Use – What It Means for You
-
Economy2 weeks agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
Oman2 months agoREVIEW: WHOOP and the Rise of Performance Luxury
-
Lifestyle1 month agoAP x Swatch Royal Pop: A Rule-Breaking Collaboration That Takes the Royal Oak Off the Wrist
-
News2 months agoANALYSIS: Oil Slips As Peace Hopes Reprice Middle East Risk, But Supply Tightness Keeps Market On Edge
-
Banking & Finance1 month agoTariq Atiq Appointed as CEO of Bank Nizwa
