Abu Dhabi state energy group to invest ‘tens of billions’ in US push
Abu Dhabi's Adnoc plans tens of billions in US investment, diversifying into natural gas amid Middle East tensions.
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adnoc, abu dhabi's state energy group, plans to invest "tens of billions" of dollars in the us. the push is focused on natural gas, as the company accelerates its diversification away from the middle east. the move comes as iran's war with israel rattles the region's energy industry.
adnoc is already a major player in global oil and gas, but this marks a significant expansion into the us market. the company has been building a portfolio of international assets, including a recent deal to buy covestro, a german chemical firm. the us investment will likely target lng export projects and upstream gas fields.
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