Abu Dhabi’s gas strategy hits its stride
Rising oil and gas prices and Europe’s pivot away from Russian imports add impetus to state-owned Adnoc’s gas development drive
European leaders scrambling to Abu Dhabi in March to seek options for the potential replacement of Russian oil and gas imports must have provided further validation to NOC Adnoc that its roadmap to greater gas, as well as its traditional oil, output is well-judged. Flush also with the financial rewards of spiking prices, Adnoc resumed contracting for its flagship upstream development project—tapping ultra-sour reserves in the emirate’s northwest offshore. Midstream, international engineering giants pitched to design a new LNG export terminal planned for the UAE’s east coast. And further down the value chain, a foreign partner signed to a project at the Ruwais downstream hub converting gas to
Also in this section
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria