Abu Dhabi buys $615 million stake in US LNG exporter
The Abu Dhabi Investment Authority is the fourth-largest shareholder in Cheniere Energy
Abu Dhabi's sovereign wealth fund has acquired a 5.1% stake in Cheniere Energy, worth $615 million, according to a filing made on 14 September.
Cheniere Energy is the largest US exporter of liquefied natural gas, and the deal makes the Abu Dhabi Investment Authority (ADIA) the fourth-largest shareholder in the company, according to Bloomberg.
Cheniere, based in Houston, operates two export facilities, Corpus Christi in Texas and Sabine Pass in Louisiana. The US has become a top global LNG supplier since it started shipping shale gas overseas in 2016.
ADIA holds approximately $580 billion in assets.