How UAE's Adnoc is building a gas strategy beyond the Strait of Hormuz
On Friday, July 31, satellite images showed a liquefied natural gas tanker docked at Adnoc’s Das Island terminal, Bloomberg reported. Other LNG ships have been detected entering and leaving the Gulf, despite the continuing risk. The national oil and gas company wants to keep crucial supplies moving to customers. But it has further ideas for making the most of its gas resources. On July 21, Adnoc…
The Abu Dhabi National Oil Company (Adnoc) is expanding its gas strategy beyond the Strait of Hormuz, with multiple projects aimed at maximizing the potential of its gas resources. In July, Adnoc finalized the $6.2 billion development of the Umm Shaif gas cap, while also tendering for engineering work on the Bab gas cap. Additionally, the company launched a global LNG marketing and trading platform, coordinating activities between Adnoc Gas, Adnoc Trading, and its international arm XRG.
The company has set ambitious targets for gas production, aiming for 6.8 billion cubic feet per day by 2030, to ensure self-sufficiency and independence from Qatar's Dolphin pipeline gas imports, which are set to expire in 2032.
Brief written by urgent.news from The National UAE's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
