Abu Dhabi approves $6.2 billion gas project to boost UAE supply
- Posted on July 21, 2026
- By CNBC
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- 1 min read
The UAE's National Oil Company has greenlit a substantial $6.2 billion investment initiative aimed at developing the Umm Shaif Gas Cap project. This strategic expansion is designed to enhance natural gas production capacity and strengthen the nation's liquefied natural gas export capabilities. The project represents a significant commitment to meeting growing global energy demands while reinforcing Abu Dhabi's position as a major player in the international energy market.
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