The global investment unit of the Abu Dhabi National Oil Company (ADNOC) is seeking to strengthen its presence in the U.S. natural gas market by reviewing 29 potential deals, reflecting a clear ambition to build an integrated global gas company.

According to the Financial Times, the upcoming investments could amount to billions of dollars, as part of a strategy aimed at expanding across the entire gas value chain—from exploration and production to owning infrastructure, including pipelines and processing plants, as well as liquefaction and regasification facilities.

Nameer Siddiqui, Investment Officer at XRG, stated that the company is “committed to injecting tens of billions of dollars into the American energy value chain, despite regional tensions,” emphasizing that the United States represents a key market in which the company is boldly seeking to establish its presence.

In this context, XRG is evaluating a range of opportunities, including controlled sales, joint drilling projects, and acquiring minority stakes, as part of its efforts to diversify its investment portfolio.

Last January, the company increased its stake in the Rio Grande LNG facility in Texas, one of the largest export facilities in the world, in a move that strengthens its presence in the American energy market.

At the same time, XRG continues to explore merger and acquisition opportunities in Europe, as confirmed by Rainer Seele, Head of its Chemicals Department, who noted the company’s optimism about the long-term prospects of the European market, despite cautious views among some investors.

The company aims to achieve a production capacity of 20 to 25 million metric tons of LNG annually by 2035. It was established to carry out acquisitions in the gas, chemicals, and energy sectors, and has already succeeded in acquiring the German company Covestro for $17 billion.

At the same time, these moves are part of a broader context of economic cooperation between the UAE and the United States, with Abu Dhabi announcing in March 2025 a decade-long investment framework worth $1.4 trillion during U.S. President Donald Trump’s visit to the region.

Trump also recently indicated that Washington is considering offering a currency swap agreement to the UAE, reflecting the strong partnership between the two countries.