ADNOC Approves $6.2 Billion Investment in Umm Shaif Gas Cap Development

Abu Dhabi National Oil Company (ADNOC) has approved a Dh22.6 billion ($6.2 billion) investment to develop the Umm Shaif Gas Cap, aiming to increase natural gas availability amid rising global demand. The project is expected to contribute nearly 10% of UAE's current daily gas use and begin production by 2030.

By Salong Debbarma Tue, July 21, 2026 at 4:45 PM GMT+3 2 min read · Yahoo Finance · July 21, 2026, 13:45 UTC

ADNOC Approves $6.2 Billion Investment in Umm Shaif Gas Cap Development

Topics: ADNOC infrastructure development natural gas UAE energy strategy

Read the full article at Yahoo Finance

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