Mubadala Energy expands as gas reaches 70 per cent of production mix

Natural gas now accounts for around 70 per cent of Mubadala Energy’s production portfolio, with 2025 described as a “pivotal” year for the company’s international expansion, according to its Chief Operating Officer.

Adnan Bu Fateem said the company entered the US market this year and advanced several strategic natural gas projects in Southeast Asia as part of a long-term strategy balancing global energy security with energy transition objectives.

Bu Fateem said Mubadala Energy views natural gas as a key element of its portfolio due to its lower emissions profile compared with more carbon-intensive energy sources.

Mubadala Energy

“Mubadala Energy’s approach is based on long-term investments that generate stable returns across multiple geographies,” he said, adding that geographic diversification helps the portfolio withstand market volatility.

He said the company invested in the US Caturus natural gas and LNG portfolio, providing exposure across the gas value chain in one of the world’s largest energy markets. The investment expands the footprint alongside assets in the Middle East, Southeast Asia, Russia and the United States.

On project developments, Bu Fateem said Mubadala Energy made strong progress on the Tangkulo gas field project in Indonesia, while production from the flagship Pegaga project in Malaysia remained stable.

Bu Fateem noted that the company reduced Scope 1 and 2 greenhouse gas emissions by 36.5 per cent. He added that more than one million people have benefited from the energy giant’s community programmes over the past decade.