Abu Dhabi's 2PointZero Group has closed a $2.25 billion all-cash deal for US natural gas firm Traverse Midstream Partners, its first move into the American energy market. The purchase, made through subsidiary ePointZero, hands the group minority stakes in two North American pipeline assets operated by Energy Transfer.
Abu Dhabi's 2PointZero Group has entered the US market by buying natural gas firm Traverse Midstream Partners for $2.25 billion, an all-cash deal made through its subsidiary ePointZero. The transaction gives the investment holding company access to the North American energy market and expands its global energy portfolio.
The acquisition hands ePointZero minority interests in two key midstream assets. Those include a 35 per cent stake in Rover Pipeline and a 25 per cent stake in Ohio River System, both operated by Energy Transfer, one of the largest midstream operators in the US. Oklahoma-based Traverse is a portfolio company of the Energy and Minerals Group, a private equity firm that specialises in natural resources.
Why 2PointZero is betting on US gas
The group frames the deal as the start of a larger push. Chairman Sheikh Zayed bin Hamdan said US energy infrastructure offers a compelling entry point through high-quality, strategically located assets, calling it the first step in building a scaled, long-term presence in the market. He described the purchase as a testament to the role of the US energy sector and the importance of investing in critical infrastructure.
Chief executive Mohamed Hesham said the company is backing a platform that can reliably deliver gas to markets where demand is growing rapidly, pointing to rising energy security concerns among governments and corporates. The move fits a broader UAE strategy of scaling international investments across the natural gas and wider energy sector.
A wider energy strategy
The Traverse purchase is one piece of 2PointZero's expanding footprint. In April, group unit International Resources Holding signed a 20-year liquefied natural gas deal with Mexico's Amigo LNG as it diversifies its supply sources. Advanced energy and renewables sit among the key pillars of the group, which was created through the November merger of Abu Dhabi firms Multiply Group, Ghitha and 2PointZero.
The deal lands alongside a sharp jump in earnings. For the first quarter of 2026, 2PointZero reported net profit attributable to owners soared to about $528.3 million, from Dh163.2 million a year earlier, as revenue leapt to Dh9.94 billion from Dh517.1 million.
Source: The National
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