Mubadala believes that rising global demand ― especially from emerging economies ― requires investment in all forms of energy. In particular, the fastest growing sources are renewables and natural gas as an addition to reliable supplies of crude and oil products.
Mubadala’s energy and petroleum investments reflect this evolving demand from low-cost oil production to an increasing proportion of gas in our portfolio and a leading position in renewables through the growing business of Masdar – Abu Dhabi’s Future Energy Company.
Masdar with over a decade of experience as a renewable energy developer and investor is active in more than 25 countries; it is one of the largest developers of renewable energy projects in the Middle East. As a leading developer and operator of utility-scale as well as off-grid renewable energy projects, Masdar is helping to expand energy access in emerging markets and reduce the reliance on fossil fuels for electricity generation.
Additionally, in response to global growth, the world also needs an increasing supply of complex, light-weight materials for the manufacture of technology driven products including digital devices and light weight electric vehicles.
Addressing this demand, new developments by Cepsa and OMV offshore Abu Dhabi are providing access to low cost oil production, which is also supported through entry into new markets such as Russia by Mubadala Petroleum.
Major gas investments have been made in partnership with companies such as Eni and others; these include the Zohr filed, which is the largest gas discovery in the eastern Mediterranean and as a result, it is transforming Egypts’s energy landscape.
In Southeast Asia, Mubadala Petroleum is developing the multi-trillion cubic feet Pegaga gas field in Malaysia. At the end of 2018, it was also successful in its bid to enter the Erawan gas field in 2022 following the expiry of the current concession.