Home UAE Abu Dhabi Abu Dhabi takes $615m stake in US LNG exporter Houston-based Cheniere operates two export facilities: Corpus Christi in Texas and Sabine Pass in Louisiana by Bloomberg September 17, 2020 Abu Dhabi’s main sovereign wealth fund disclosed a 5.1 per cent stake in Cheniere Energy, the largest US exporter of liquefied natural gas. Abu Dhabi Investment Authority disclosed its holding in a filing dated Monday, giving it an interest in Cheniere valued at $615m. It’s Cheniere’s fourth-largest shareholder, according to data compiled by Bloomberg. The Trump administration has touted LNG exports as more than an economic boon for the US, viewing the shipments also as a foreign policy tool for spreading American influence abroad. Since the US began shipping shale gas overseas in 2016, it’s vaulted into the ranks of the world’s top LNG suppliers. Houston-based Cheniere operates two export facilities: Corpus Christi in Texas and Sabine Pass in Louisiana. ADIA has almost $580bn in assets and is the world’s third-biggest government wealth fund, according to the SWF Institute. Tags Abu Dhabi Investment Authority Cheniere Energy LNG exports sovereign wealth fund 0 Comments You might also like General Atlantic plans Abu Dhabi office by year-end Saudi’s PIF secures $15bn loan from global syndicate Hargreaves Lansdown extends deadline for CVC, ADIA consortium to firm up takeover bid Abu Dhabi, Qatar wealth funds back Adani Energy’s share sale: Reports