8 Hrs
Source:
Sky News
Adnoc makes key gas investment
Adnoc, the Emirati company, announced the final investment decision for the development of the cover gas project at the Am Shiff field in Abu Dhabi, with a value of $22.6 billion. The project aims to produce more than 600 million standard cubic feet of natural gas daily by 2030. Its goal is to meet approximately 10% of the country's local gas consumption and enhance energy security in the UAE. Additionally, it contributes to expanding the nation's liquefied natural gas capabilities and supporting economic and industrial growth. The project includes contracts worth 18.8 billion dirhams for developing offshore infrastructure and drilling 14 wells. It is regarded as a significant step within Adnoc's strategy to accelerate invested gas resources and establish the UAE as a global energy investment hub.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)