Oil Daily | ADNOC Eyes $10 Billion Energy Asset Acquisition Amid Stalled Valuation Talks

【Global Oil Supply and Demand】

Alaska's LNG project is gaining attention with plans for first exports by 2030, moving 3.5 billion cubic feet per day through an 800-mile pipeline to an LNG terminal, targeting Asian markets such as Taiwan, South Korea, Japan, and Thailand. Despite strong interest, investor commitment remains uncertain due to high capital expenditure.

【Latest Oil Policies】

Italy's power grid operator Terna SpA plans to invest $25 billion over the next decade to integrate renewable energy and enhance grid capacity. This aligns with Italy's energy transition goals, aiming to increase solar and wind power capacity significantly by 2030. Italy is also revisiting nuclear power, exploring legislation to adopt small modular reactors as part of its decarbonization efforts.

American and Vietnamese firms signed agreements worth $4.15 billion in energy and minerals sectors to enhance bilateral trade. Key deals include long-term LNG contracts and collaborations on sustainable energy projects. Vietnam seeks recognition as a "market economy" by the U.S., aiming to strengthen strategic trade partnerships.

【Company News】

Abu Dhabi National Oil Company (ADNOC) is in discussions with Mubadala Investment Company to acquire energy assets worth about $10 billion. While talks have stalled over valuation disagreements, ADNOC continues to focus on expanding its oil and gas operations, including boosting crude oil production and investing in lower-carbon energy solutions.