UAE approves mega gas project weeks ahead of COP28 ...Kuwait

Emirati energy giant ADNOC said on Thursday it had awarded contracts to build a major gas project, just a few weeks before the Gulf state hosts the COP28 climate conference. The company said it would invest in the Hail and Ghasha offshore fields, pledging that it would be the "world's first project that aims to operate with net zero emissions". The two contracts, signed on the final day of the Abu Dhabi Energy Show, had a total estimated value of $16.9 billion, it said in a statement. Construction work on the site has been entrusted to a joint venture between the Abu Dhabi-based National Petroleum Construction Company and Saipem of Italy. Another Italian company, Te

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