Abu Dhabi National Oil Company invests in $6.2B domestic gas project

Abu Dhabi National Oil Company (ADNOC) will invest $6.2 billion with TotalEnergies, Eni, and China National Petroleum Corp to develop natural gas at the offshore Umm Shaif field. The project aims to produce 600 million cubic feet of gas daily by 2030, supporting UAE domestic demand and LNG exports while reducing reliance on Qatar’s gas imports before the Dolphin pipeline agreement expires in 2032.