Abu Dhabi’s gas strategy hits its stride

Rising oil and gas prices and Europe’s pivot away from Russian imports add impetus to state-owned Adnoc’s gas development drive

European leaders scrambling to Abu Dhabi in March to seek options for the potential replacement of Russian oil and gas imports must have provided further validation to NOC Adnoc that its roadmap to greater gas, as well as its traditional oil, output is well-judged. Flush also with the financial rewards of spiking prices, Adnoc resumed contracting for its flagship upstream development project—tapping ultra-sour reserves in the emirate’s northwest offshore. Midstream, international engineering giants pitched to design a new LNG export terminal planned for the UAE’s east coast. And further down the value chain, a foreign partner signed to a project at the Ruwais downstream hub converting gas to