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00:02Abu Dhabi National Oil Company will invest $6.2 billion to develop the Umshaif gas cap
00:09as it expands natural gas production and liquefied natural gas exports, according to CNBC.
00:15The offshore field is being developed with Total Energies, E&I, and China National Petroleum
00:21Corporation. Adno C. said the project will produce more than 600 million standard cubic feet
00:27of natural gas and associated gas liquids per day, equal to nearly 10% of the UAE's current
00:34daily gas consumption. Production is expected to begin by 2030. The investment supports the
00:40UAE's efforts to strengthen domestic energy security and expand its global LNG position.
00:46Adno C. is targeting 47 million metric tons of annual LNG capacity by 2035.
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