Oil & Gas Adnoc explores bid for US natural gas assets By Reuters April 14, 2025, 9:17 AM Unsplash+/Getty Adnoc is considering a bid for the gas assets of Aethon, based in Dallas Abu Dhabi state oil company Adnoc is in the early stages of considering a bid for Dallas-based Aethon Energy Management’s US natural gas assets, according to a person familiar with the matter. Adnoc has done a string of acquisitions in gas and chemicals, which, along with liquefied natural gas and renewables, it considers as pillars for its future growth. Last year the energy giant bought a stake in NextDecade’s LNG export project in Texas along with a 20-year supply deal. Deliberations regarding the US energy-focused investment firm’s assets also involve other parties, the source added. Production at Adnoc’s new offshore block set for 2027 Mubadala subsidiary makes first investment in US energy sector EU to decide on Adnoc’s Covestro deal by May 12 Reuters in November reported that Aethon was exploring options for its natural gas production and midstream assets that included a sale or an initial public offering at a valuation of about $10 billion. The upstream assets of Aethon, which primarily focus on the Haynesville shale formation in Louisiana and East Texas, constitute one of the largest privately held US gas producers. Adnoc and Aethon did not immediately respond to Reuters requests for comment. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
