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53 min ago 2 min read
State-owned UAE energy firm Adnoc has taken a $6.2bn final investment decision (FID) to develop the Umm Shaif Gas Cap project in Abu Dhabi.
Adnoc is developing the project, expected to launch in 2030, alongside international partners TotalEnergies, Eni and China National Petroleum Corporation.
The Umm Shaif field operates as a vital upstream supplier for the UAE’s liquefaction infrastructure.
The FID includes three engineering, procurement and construction packages totalling $5.1bn (AED18.8bn) for large-scale offshore infrastructure awarded by Adnoc to consortiums including major UAE and international contractors.
The project will process raw natural gas and gas liquids, sending them via subsea pipelines to Das Island facilities nearby.
This raw gas serves as the essential feedstock required to feed the processing trains operated by Adnoc Gas, which transforms the resource into LNG for international export.
Adnoc said it was advancing its ‘integrated gas strategy’ amid growing demand for lower-carbon energy and the need to expand its LNG portfolio to meet domestic and international customers’ needs, and power industrial and AI infrastructure growth.
It follows Adnoc’s launch of a on the Abu Dhabi Global Market, which is targeting 47 million tonnes per annum of combined marketable LNG capacity by 2035.
The UAE continues to embark on an aggressive energy strategy despite from the Iran war.
LNG production and vessel loadings at QatarEnergy LNG and the UAE’s Adnoc LNG have continued at despite the disruption to outbound shipping, according to S&P Global research.
