Abu Dhabi's ADNOC mulls bid for Aethon's US natgas assets, Bloomberg News reports

Reuters

Fri, Apr 11, 2025, 8:07 AM 1 min read

(Reuters) - Abu Dhabi authorities lipid institution ADNOC is considering a bid for earthy state assets of concern steadfast Aethon Energy Management that could perchance beryllium worthy astir $9 billion, Bloomberg News reported connected Friday, citing radical acquainted with the matter.

ADNOC has done a drawstring of acquisitions successful state and chemicals, which on with LNG and renewables it considers arsenic pillars for its aboriginal growth.

Last year, the vigor elephantine bought a involvement successful NextDecade's liquefied earthy state export task successful Texas on with a 20-year proviso deal.

Deliberations regarding the U.S. energy-focused concern firm's assets are successful the aboriginal stages and nary last agreements person been reached, the study added.

Reuters successful November reported that Aethon was exploring options for its earthy state accumulation and midstream assets that see a merchantability oregon an archetypal nationalist offering astatine a valuation of astir $10 billion.

The upstream assets of Aethon, which chiefly absorption connected the Haynesville shale enactment successful Louisiana and East Texas, represent 1 of the largest privately held U.S. state producers.

ADNOC and Aethon did not instantly respond to Reuters requests for comment.

(Reporting by Mrinalika Roy successful Bengaluru; Editing by Shailesh Kuber)