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Adnoc’s XRG Eyes North American Natural Gas, LNG Assets as Global Trading Portfolio Expands

Natural Gas Intelligence · last updated

Abu Dhabi National Oil Co.’s (Adnoc) investment unit is aiming to build an international LNG trading unit with 20-25 million tons/year (Mt/y) of marketable volumes by 2035 that would include expansions in the United States and a major Australian acquisition.

Image of the Abu Dhabi National Oil Co. building.

The board of Adnoc’s XRG, formed last year as an independently-operated energy investment firm, approved a five-year plan targeting a burgeoning LNG portfolio over the next decade that includes upstream assets and investments in export projects.

“As we enter a new era shaped by artificial intelligence, digital infrastructure, and industrial growth, energy systems must evolve in both scale and sophistication,” Adnoc CEO Sultan Al Jaber said. “XRG is investing in the energy systems of the future – more integrated, more resilient, and responsive to global demand.”

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