April 11 (Reuters) - Abu Dhabi state oil company ADNOC
is considering a bid for natural gas assets of investment firm
Aethon Energy Management that could potentially be worth about
$9 billion, Bloomberg News reported on Friday, citing people
familiar with the matter.
ADNOC has done a string of acquisitions in gas and
chemicals, which along with LNG and renewables it considers as
pillars for its future growth.
Last year, the energy giant bought a stake in NextDecade's ( NEXT )
liquefied natural gas export project in Texas along
with a 20-year supply deal.
Deliberations regarding the U.S. energy-focused investment
firm's assets are in the early stages and no final agreements
have been reached, the report added.
Reuters in November reported that Aethon was exploring
options for its natural gas production and midstream assets that
include a sale or an initial public offering at a valuation of
about $10 billion.
The upstream assets of Aethon, which primarily focus on the
Haynesville shale formation in Louisiana and East Texas,
constitute one of the largest privately held U.S. gas producers.
ADNOC and Aethon did not immediately respond to Reuters
requests for comment.