UAE's Adnoc announces $8bn gas expansion, as it mulls Hormuz bypass
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Source: Middle East Eye
Published: 2026-08-11 04:48 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Energy, Financial Markets, World News, Business & Economy
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Snippet:
The UAE’s state-owned energy giant, Abu Dhabi National Oil Company (Adnoc), said on Monday it will invest $8bn to expand its gas business, doubling down on increasing capacity after the Gulf state pulled out of the Saudi Arabian-led energy alliance, Opec.
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