ADNOC’s $18.7B bid for Santos signals UAE’s bold LNG expansion, backed by ADQ and Carlyle
Abu Dhabi National Oil Company (ADNOC), through its burgeoning investment vehicle XRG, has launched a formidable $18.7 billion all-cash proposal to acquire Australia’s second-largest gas producer, Santos. This audacious move, backed by a powerful consortium including Abu Dhabi Development Holding Company (ADQ) and global private equity giant Carlyle, signals a profound push by the UAE […]




