Adnoc commits 22.6B to Am Shihab project
Adnoc, the Emirati company, announced a final decision to invest 22.6 billion dirhams (6.2 billion dollars) to develop the gas cap of the Umm Shaif field in Abu Dhabi, aiming to enhance natural gas production. The project targets an output of over 600 million cubic feet of gas daily, along with associated gas liquids, which accounts for approximately 10% of the UAE's current daily gas consumption. Production is expected to commence by 2030. This investment helps secure energy supplies and support economic growth, aligning with Adnoc’s strategy to accelerate gas resource investments and expand its liquefied natural gas (LNG) capabilities.
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