ADNOC plans to invest tens of billions of dollars to build the entire US natural gas industry chain

```htmlGolden Ten Data reported on April 28 that, according to the Financial Times, Abu Dhabi National Oil Company (ADNOC) is planning to invest tens of billions of dollars in the United States to build its natural gas business. Nameer Siddiqui, the new Chief Investment Officer of XRG, ADNOC's overseas investment division, stated that the company is evaluating 29 potential deals to create a vertically integrated global natural gas business, possibly covering every aspect from "gas extraction, owning pipelines and processing plants, shipping overseas, to having regasification facilities and pipelines to end-users in destination countries." Siddiqui noted the company is assessing various models, including controlling stake deals, drilling joint ventures and minority shareholdings, to serve the growing global demand for liquefied natural gas and meet the natural gas needs of U.S. data centers. When asked if XRG has sufficient funds amid financial challenges brought by the Iran war, Siddiqui mentioned the company "is committed to investing tens of billions of dollars in the U.S. energy value chain, and this commitment will not waver, provided expected returns are met."```