DeFi Intel

Adnoc to invest in $6.2bn natural gas schemes as UAE bids for self-sufficiency

ADNOC took a $6.2 billion final investment decision on the Umm Shaif Gas Cap development offshore Abu Dhabi, with ADNOC Offshore holding 60% alongside TotalEnergies (20%), Eni (10%) and CNPC (10%). It should deliver over 600 MMscfd, nearly 10% of UAE daily gas use, by 2030.

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