ADNOC, the state-owned oil company of the United Arab Emirates, agreed to acquire a 10% stake in LNG development in Mozambique from Galp, a multinational energy corporation. Financial terms were not disclosed. “For over fifty years, ADNOC has been a reliable and responsible global provider of LNG and we are building on this role with this landmark investment in the world-class Rovuma supergiant gas basin in Mozambique as we deliver on our international growth strategy. Natural gas plays an important role to meet growing global demand with lower emissions compared to other fossil fuels and this acquisition supports our efforts to build an integrated global gas business to ensure we continue providing a secure, reliable and responsible supply of natural gas,” Musabbeh Al Kaabi, ADNOC Executive Director for Low Carbon Solutions and International Growth.