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ADNOC’s gas self-sufficiency could cost over $40 billion
The Abu Dhabi National Oil Company (ADNOC) will need to invest more than $40 billion in order for the United Arab Emirates (UAE) to attain gas self-sufficiency due to the complex nature of the country’s gas resources according to a Wood Mackenzie report. The report, the third and final part of a comprehensive look at ADNOC’s gas operations titles the ‘ADNOC Trilogy’, looks at the key projects ADNOC is looking to execute as part of its gas expansion plan. These include sour and unconventional gas fields that were previously thought too complex technically and expensive to develop. “The commitment to ... (full story)