Close Menu
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    • About Us
    • Privacy Policy
    • Terms Of Service
    • Advertisement
    Wednesday, July 22
    Facebook X (Twitter) Instagram Pinterest Vimeo
    ABS Africa TV
    • Breaking News
    • Trending
    • Africa News
    • World News
    • Features
    • Technology
    • More
      • Sports
      • Politics
      • Culture
      • Lifestyle
      • Travel
      • Business
      • Environment
      • Legal
      • Health
      • Cameroon
      • Ambazonia
      • AfroSingles
      • Environ/Climate
      • Editorial
      • The Leak Magazine
    • Donate
    Subscription
    ABS Africa TV
    Home»Business»Abu Dhabi approves $6.2 billion gas project to boost UAE supply
    Business

    Abu Dhabi approves $6.2 billion gas project to boost UAE supply

    Monah AnthonyBy Monah AnthonyJuly 21, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Post Views: 11
    • Abu Dhabi’s National Oil Company has approved a $6.2 billion gas project at the Umm Shaif offshore field.
    • The development is expected to add more than 600 million cubic feet per day of gas production by 2030.
    • Abu Dhabi is hoping to become a major LNG exporter as global buyers seek secure gas supplies.

    A truck drives past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026.
    Ryan Lim | AFP |

    Abu Dhabi’s National Oil Company will invest $6.2 billion to develop the Umm Shaif Gas Cap, a massive offshore oil and gas field, as part of its strategy to expand natural gas production and liquefied natural gas exports.

    Disruptions in the Strait of Hormuz, usually an avenue for around 20% of the world’s LNG trade, have underscored the importance of the project and highlighted the vulnerability of global energy supplies.

    Umm Shaif, Abu Dhabi’s longest-operating offshore field, is being developed alongside TotalEnergies, Eni and China National Petroleum Corporation.

    The field will unlock more than 600 million standard cubic feet of natural gas and associated gas liquids per day equivalent to nearly 10% of the UAE’s current daily gas consumption. Production is expected to begin by 2030

    The investment comes as the UAE seeks to monetize its gas reserves, while strengthening domestic energy security and bolstering its position in global LNG markets. The country holds the world’s seventh-largest proven gas reserves, in addition to its over four million barrels per day of oil production.

    The UAE left OPEC earlier this year and now has no output limits. Abu Dhabi is hoping to surpass 5 million barrels per day of production by next year.

    “ADNOC is accelerating its integrated gas strategy to further harness the UAE’s vast gas reatural gas continues to rise,” ADNOC CEO Sultan Ahmed Al Jaber said in a statement

    Umm Shaif has played a central role in Abu Dhabi’s energy industry for more than six decades. The field was home to Abu Dhabi’s first offshore well and supplied crude oil for the emirate’s first oil exports in 1962.

    The investment also signals Abu Dhabi’s broader ambition to establish itself as a major global gas and LNG supplier. ADNOC is targeting 47 million metric tons of LNG capacity per annum by 2035 as it expands production, trading and export capabilities.

    The strategy has gained urgency as the Middle East war continues to disrupt global energy markets and highlights the importance of reliable gas supplies, with the Strait of Hormuz remaining effectively closed, especially to major producers like Qatar.

    The UAE’s gas push is increasingly necessary as a third of its domestic demand is supplied by a deal with Doha

    approves billion boost Dhabi project
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Monah Anthony
    • Website

    Related Posts

    Nigeria’s AI-skilled workforce is moving faster than its businesses, creating the widest adoption gap among major outsourcing markets

    July 22, 2026

    Hotel Thelma project receives $100,000 grant for cafe

    July 22, 2026

    Pepkor Plans Flash–Shop2Shop Merger and Future Fintech Listing

    July 22, 2026
    Leave A Reply Cancel Reply

    Search
    Latest Post

    Australia mull prioritising India A tour ahead of Zimbabwe, South Africa ODIs

    July 22, 2026

    Robert Aruho appointed to chair global antelope conservation body

    July 22, 2026

    Nigeria’s AI-skilled workforce is moving faster than its businesses, creating the widest adoption gap among major outsourcing markets

    July 22, 2026

    Mahama urges bold action to tackle Africa’s growing health challenges

    July 22, 2026

    Lalit Modi Cleared in 2009 IPL South Africa FEMA Case as Tribunal Sets Aside Penalties

    July 22, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • TikTok
    ABS TV and ABS Network News is a leading Pan-African 24/7 broadcasting network delivering nonstop news, talk shows, lifestyle programs, and digital media content worldwide through Satellite, Streaming Platforms, and Roku TV.
     
    Based in the United States, we connect Africa to the world while empowering creators, journalists, and brands through innovative media and broadcasting services.
    Facebook X (Twitter) Pinterest WhatsApp Instagram

    Our Picks

    Australia mull prioritising India A tour ahead of Zimbabwe, South Africa ODIs

    Robert Aruho appointed to chair global antelope conservation body

    Nigeria’s AI-skilled workforce is moving faster than its businesses, creating the widest adoption gap among major outsourcing markets

    Most Popular

    Mahama urges bold action to tackle Africa’s growing health challenges

    Lalit Modi Cleared in 2009 IPL South Africa FEMA Case as Tribunal Sets Aside Penalties

    South Africa anti immigration protest: SA Home Affairs launch trusted employer scheme to consider mostly South Africans and modernise immigration system

    © 2026 Copyright. All Rights Reserved by ABSAFRICATV
    • Privacy Policy
    • Terms of Services

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.