Abu Dhabi approves $6.2 billion gas project to boost LNG exports

Abu Dhabi's National Oil Company (ADNOC) has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap field, aiming to expand natural gas production and liquefied natural gas exports from the UAE. The project forms part of the UAE's broader strategy to diversify and grow its energy revenues. No timeline for completion was specified in the announcement.