Abu dhabi: Natural gas accounts for about 70 percent of Mubadala Energy's production portfolio, the company's Chief Operating Officer Adnan Bu Fateem said. He described 2025 as a "pivotal" year for the company's international expansion.
According to Emirates News Agency, Bu Fateem stated that the company entered the US market this year and advanced several strategic gas projects in Southeast Asia. This move is part of a long-term strategy aimed at balancing global energy security with energy transition goals. He emphasized that Mubadala Energy views natural gas as a key element due to its lower emissions compared to more carbon-intensive energy sources.
"Mubadala Energy's approach is based on long-term investments that generate stable returns across multiple geographies," he said, noting that diversification helps the portfolio withstand market volatility. Bu Fateem highlighted the company's investment in the US Caturus natural gas and LNG portfolio, which provides exposure across the gas value chain in one of the world's largest energy markets. This expansion complements assets in the Middle East, Southeast Asia, Russia, and the United States.
Regarding projects, Bu Fateem mentioned significant progress on the Tangkulo gas field project in Indonesia, while production from the flagship Pegaga project in Malaysia has remained stable. He also noted that the company has successfully reduced Scope 1 and 2 greenhouse gas emissions by 36.5 percent, benefiting over one million people through its community programs over the past decade.
