Abu Dhabi approves $6.2 billion gas project to boost UAE supply
The project includes $5.1 billion in offshore contracts and a drilling plan for 14 wells, with output expected to reach 600 million cubic feet a day.
- On Tuesday, July 21, 2026, the Abu Dhabi National Oil Company approved a $6.2 billion investment in the Umm Shaif Gas Cap project to boost natural gas production by 2030.
- This development supports the UAE's broader strategy to expand global liquefied natural gas capacity, partnering with France's TotalEnergies, Italy's Eni, and the China National Petroleum Corporation.
- The project will unlock over 600 million standard cubic feet of gas per day, with $5.1 billion awarded for offshore infrastructure and a $365 million contract for 14-well drilling services.
- This output equals nearly 10% of the UAE's daily gas consumption, reinforcing energy security amid global supply vulnerabilities including disruptions in the Strait of Hormuz.
- ADNOC CEO Dr. Sultan Ahmed Al Jaber said, "ADNOC is accelerating its integrated gas strategy to further harness the UAE's vast gas resources," targeting 47 million tonnes of LNG capacity by 2035.
23 Articles
23 Articles
Abu Dhabi National Oil Company (Adnoc) announced that it will continue with the development of US$6.2 billion of the field off-shore. Umm Shaif, reinforcing its bet that the long-term demand for gas will continue strong, despite conflicts in the Middle East showing vulnerabilities in the supply. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Abu Dhabi National Oil Company invests in $6.2B domestic gas project
Abu Dhabi National Oil Company plans to invest $6.2 billion to develop natural gas at its offshore Umm Shaif field, alongside France’s TotalEnergies, Italy’s Eni, and China National Petroleum Corp. The project is expected to produce more than 600 million cubic feet of gas a day from 2030, equivalent to almost 10% of the UAE’s current daily consumption. The expansion fits within the company’s global gas strategy and is part of a broader effort to…
BIC Magazine
CNBCAbu Dhabi approves $6.2 billion gas project to boost UAE supply
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.
ADNOC greenlights $6.2 billion Umm Shaif Gas Cap project
Abu Dhabi's state energy company ADNOC has taken a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap, in an acceleration of its integrated global gas growth strategy, the company said Tuesday.
ADNOC approves $6.2B FID for Umm Shaif Gas Cap with TotalEnergies, Eni and CNPC, production by 2030
ADNOC approves $6.2B FID for Umm Shaif Gas Cap with TotalEnergies, Eni and CNPC, boosting UAE gas output and LNG growth with production expected by 2030
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