Regional News

UAE builds $85bn US energy portfolio

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XRG emerges as key UAE investor in US energy growth

The UAE has invested more than $85 billion in US energy assets across 19 states, strengthening its presence in power generation, advanced chemicals, and energy infrastructure through XRG, Adnoc, and Masdar.

Abu Dhabi-based XRG has made the US a key market in its Americas growth strategy, building an integrated energy and industrial platform spanning LNG, chemicals, advanced materials, and upstream gas. 

Recent investments, including the launch of a global trading platform with Adnoc and Adnoc Gas, position XRG as a major long-term investor in the region’s energy sector.

A key investment is Rio Grande LNG in Texas, where XRG holds interests in all five trains under construction at the 30 million tonnes per annum export project. 

The development provides access to US gas supplies and supports growing global LNG demand.

Beyond LNG, XRG is expanding its portfolio through a 32 per cent stake in Argentina’s Vaca Muerta basin, supporting the 12 MTPA Argentina LNG project, while strengthening its chemicals and materials business through investments in Covestro, Borouge International, and NOVA Chemicals.

Covestro’s US manufacturing and innovation footprint, including the acquisition of the former Vencorex site in Freeport, Texas, enhances XRG’s ability to supply advanced materials for industries such as automotive, healthcare, electronics, and construction.

“The US is central to XRG’s ambition to build a globally integrated energy and industrial platform,” said Philip Haddad, CEO of XRG Americas. “With teams on the ground in Washington, DC and Houston we work with partners across the US to identify investments that connect American energy and industrial capabilities with growing global demand. In doing so, we are supporting XRG’s growth while advancing the UAE’s role as a long-term international investor.”