LNG

ADNOC has taken a $6.2 billion final investment decision on the Umm Shaif Gas Cap project in Abu Dhabi with partners TotalEnergies, Eni and CNPC. The project will unlock more than 600 million standard cubic feet per day of gas and associated liquids by 2030, or nearly 10% of current UAE gas consumption. It also builds on ADNOC’s launch of a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), which is targeting 47mtpa of combined marketable LNG capacity by 2035.