Abu Dhabi's 2PointZero Group has entered the US energy market, with its subsidiary ePointZero completing a $2.25 billion all-cash purchase of natural gas firm Traverse Midstream Partners. The deal hands ePointZero minority stakes in two North American pipeline systems and marks what the group calls the first step toward a scaled US presence.
A subsidiary of Abu Dhabi's 2PointZero Group has bought US natural gas firm Traverse Midstream Partners for $2.25 billion, giving the investment holding company access to the North American market. The unit, ePointZero, completed the purchase in an all-cash transaction, 2PointZero said on Tuesday.
The deal hands ePointZero minority interests in two key midstream assets: 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. ePointZero says the stakes give it a pathway for strategic expansion in one of the most important energy markets. Oklahoma-based Traverse is a portfolio company of the Energy and Minerals Group, a private equity firm specialising in natural resources.
A first step into US energy
2PointZero first announced the deal to acquire Traverse in March. Chairman Sheikh Zayed bin Hamdan said US energy infrastructure "offers a compelling entry point through high-quality, strategically located assets", framing the purchase as the first step toward a scaled, long-term US presence. Chief executive Mohamed Hesham said the entry backs a platform that can reliably deliver gas to growing markets.
The purchase builds on a wider energy push. Advanced energy and renewables are among the key pillars of 2PointZero, which was formed through the merger of Multiply Group, Ghitha and 2PointZero in November last year. In April, another unit, International Resources Holding, signed a 20-year liquefied natural gas deal with Mexico's Amigo LNG as it diversifies supply sources.
Profit surge behind the expansion
The expansion follows a sharp jump in earnings. For the first quarter of 2026, 2PointZero reported net profit attributable to owners of about Dh1.94 billion ($528.3 million), up from Dh163.2 million a year earlier. Revenue over the same period leapt to Dh9.94 billion from Dh517.1 million.
Source: The National
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