ADNOC Approves $6.2B Umm Shaif Gas Project

ADNOC has taken a final investment decision worth about $6.2 billion to develop the Umm Shaif gas cap in Abu Dhabi with TotalEnergies, Eni and CNPC, aiming to unlock more than 600 million standard cubic feet per day by 2030 and strengthen the UAE’s gas supply and LNG capabilities. The investment reflects the UAE’s push to boost domestic gas output and energy security amid rising global demand and regional tensions, with related developments like the Bab gas cap expanding output and LNG capacity.