UAE’s Energy Giant Boosts Natural Gas Supply and Investments ...Middle East

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UAE’s Energy Giant Boosts Natural Gas Supply and Investments
source : OILPRICE ( Middle East ) () 68
ADNOC Gas, the natural gas unit of Abu Dhabi’s national oil company, is raising its capital expenditure and gas supply, expecting global LNG demand to continue growing by 3% every year by 2040, ADNOC Gas said in a strategy update on Monday. ADNOC Gas says it is positioned to capture a “highly supportive market backdrop” with robust local gas demand, exponential demand growth in Asia, 3% global annual LNG demand growth, and the AI boom driving additional global LNG demand by 2030. The company also sees an LNG supply gap over the…

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