ADNOC to invest $6.2 billion in expanding natural gas business
At full capacity, the offshore Umm Shaif project will deliver up to 600 million cubic feet of gas a day, about 10% of the UAE's current consumption
Jakub Porzycki/NurPhoto via Getty Images
Cars fill up at an ADNOC service station in the UAE
ADNOC is writing another multibillion-dollar check to bolster its natural gas business, approving a $6.2 billion offshore project as it accelerates investment beyond crude oil.
The Abu Dhabi energy giant and partners TotalEnergies, Eni and China National Petroleum...