Italian energy giant, a Euro Stoxx 50 constituent, state-backed with a global footprint
The UAE, through ADNOC and its partners, has announced a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore field, aiming to produce about 10% of the UAE’s current gas consumption by 2030. The project, supported by TotalEnergies, Eni and CNPC, is positioned to strengthen domestic energy security and grow the UAE’s LNG platform amid regional tensions in energy markets.