UAE Endorses $150 Billion ADNOC Plan as Reserves Jump and Gas Output Expands

The UAE has approved a sweeping expansion of its national energy strategy after President Sheikh Mohamed bin Zayed chaired ADNOC’s annual board meeting at the Habshan complex, endorsing a US$150 billion capital program for 2026–2030 and acknowledging major increases in the country’s oil and gas reserves. Held inside the operations control room of ADNOC Gas, which supplies 60% of the UAE’s natural gas needs, the meeting underscored the strategic role of Habshan in powering the nation’s industrial growth an ...