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Source:
اقتصاد سكاي نيوز عربية
Adnoc commits to gas sector investment
The UAE's ADNOC announced that it has made the final investment decision for the development of the gas cap project at the Umm Shaif field in Abu Dhabi, valued at 22.6 billion dirhams (approximately $6.2 billion). The goal is to increase natural gas production by more than 600 million standard cubic feet per day, which accounts for about 10% of domestic consumption. Production is expected to commence in 2030, maintaining the UAE’s position as a reliable investment destination in the gas sector. The project contributes to enhancing energy security and strengthening the UAE's global standing. It is part of ADNOC's efforts to expand its investments in the natural liquefied gas sector, in collaboration with international partners, and to ensure the growing global demand for low-carbon gas is met.
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