Abu Dhabi’s Mubadala Energy has acquired a 24.1% equity stake in Caturus, the rebranded SoTex HoldCo natural gas and LNG export platform, following the completion of its US investment with alternative asset manager Kimmeridge.
The company stated that its collaboration with Kimmeridge aligns with its long-term strategy to strengthen its presence in the United States’ integrated natural gas and LNG industry.
Caturus is developing an integrated natural gas and LNG export platform in the US, combining upstream operations under Caturus Energy—formerly Kimmeridge Texas Gas—with its stake in Commonwealth LNG.
The Commonwealth LNG project in Louisiana is working on a liquefaction and export facility with a planned capacity of 9.3 million metric tonnes per annum.
As part of the deal, Mubadala Energy has appointed two members to the Caturus Board of Managers: Adnan Bu Fateem, Chief Operating Officer, and Khaled Al Tamimi, Senior Vice President for Non-Operated Assets.
