Abu Dhabi's ADNOC has approved a USD 6.2 billion final investment decision to develop the offshore Umm Shaif Gas Cap in partnership with France's TotalEnergies, Italy's Eni, and China National Petroleum Corporation.
The project is expected to produce more than 600 million standard cubic feet of gas per day from 2030, alongside associated gas liquids, as ADNOC accelerates its integrated gas strategy to maximise the UAE's hydrocarbon resources and expand its LNG platform amid rising global demand for natural gas.
The investment decision carries added significance against the backdrop of recent disruption to Gulf energy infrastructure – the UAE's Habshan gas-processing complex, targeted during the regional conflict, is not expected to return to full capacity until next year, following Iranian attacks and the temporary closure of the Strait of Hormuz.
Industry Minister and ADNOC Group CEO Sultan Ahmed Al Jaber framed the Umm Shaif commitment as part of a broader push to deepen the UAE's gas production base, diversify its energy export portfolio, and reinforce Abu Dhabi's position as a long-term supplier of choice as the global energy transition sustains structural demand for gas.
Gulf Economist Staff Writer