"Energy exchange"Natural gas represents 70% of the production of its investment portfolio
Abu Dhabi, December 30 / WAM / Adnan Bu Futtaim, Chief Operating Officer of Mubadala Energy Company, said that the year 2025 represented a pivotal stage in the company’s journey, during which it achieved tangible progress in its international expansion, which strengthened its position as a leading global company in the energy sector.
The Chief Operating Officer of Mubadala Energy Company added, in statements to the Emirates News Agency (WAM), that this progress was embodied in Mubadala Energy’s entry into the US market, in addition to achieving remarkable development in strategic natural gas operational projects in Southeast Asia, as part of its long-term strategy aimed at balancing support for global energy security and achieving energy transition goals, by focusing on natural gas, which constitutes about 70% of the production of its investment portfolio, as it is a pivotal element that contributes to reducing emissions compared to With the highest carbon intensity traditional energy sources.
He pointed out that the company relies in this approach on long-term investments with stable returns distributed across multiple geographical regions around the world, which enhances the flexibility of its investment portfolio and its ability to adapt to market fluctuations.
He added that one of the most prominent achievements of this year was Mubadala Energy’s announcement of its entry into the US market by investing in the Catorus natural gas and liquefied gas portfolio, which gave it an integrated presence across the gas value chain in one of the most important global energy markets, and contributed to adding new momentum to its diversified investment portfolio and its extended projects in the Middle East, Southeast Asia, Russia and the United States of America, as well as enhancing its ability to benefit from growth opportunities in advanced energy markets.
In terms of projects, Buftim pointed out that the company has made great progress in the Tangkulu project that it operates in Indonesia, which is considered one of the fastest deepwater gas development projects in the region. He stressed that this achievement reflects the technical and engineering expertise enjoyed by Mubadala Energy and its ability to implement complex projects within ambitious timetables. The company also continued to achieve reliable and stable production from the pioneering Pegaga project in Malaysia, which has strengthened its strong operational record in Southeast Asia.
In the field of partnerships, he explained that Mubadala Energy concluded the year by signing an initial agreement with the Indonesian National Electricity Company, in a pivotal step that supports the plans to develop the Tangkulu gas project and contributes to enhancing energy security in Indonesia, reflecting the company’s commitment to building long-term strategic partnerships with governments and national institutions.
Regarding sustainability, Buftim stressed that the company continued its leadership in reducing emissions and achieving a tangible positive impact, as it succeeded in reducing scope 1 and 2 emissions by 36.5%, in addition to more than one million people benefiting from its community programs over the past decade, which reflects the integration of its economic performance with its environmental and societal responsibility.
He said that the year 2025 represented an important stage in the company’s journey towards achieving sustainable growth based on operational efficiency and strategic investment in natural gas, while the company’s entry into the American market through the Catorus portfolio, in addition to the signing of an initial agreement to develop the Tangkulu gas project in Indonesia, strengthened the company’s global presence and commitment to supporting energy security and creating sustainable value for its partners, communities and the Abu Dhabi government.
He added that with these achievements, Mubadala Energy is more prepared to continue the growth process and consolidate its role as a global energy company that effectively contributes to enhancing energy security and supporting sustainable transformation at the global level.
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