Supporting UAE gas self-sufficiency
The transaction forms part of the Ghasha concession project and will support responsible energy production to meet rising demand from local industries, advancing the UAE’s ambitions for gas self-sufficiency. The offshore concession, located off Abu Dhabi, is expected to produce 1.8 billion standard cubic feet of gas per day.
Strong in-country economic impact
More than 60 percent of the project’s total investment value will be reinvested into the UAE economy through ADNOC’s In-Country Value (ICV) programme, ensuring that a significant share of economic benefits remains within the country.
World’s first net-zero gas development
Hail and Ghasha aims to become the world’s first gas development to operate with net-zero emissions. The project plans to capture 1.5 million tonnes of carbon dioxide annually—equivalent to removing over 300,000 fuel-powered cars from the road each year—and will deploy fully unmanned offshore operations.
Advanced technology and AI integration
The development will leverage ADNOC’s advanced technologies and artificial intelligence capabilities through its Thamama Centre of Excellence to optimise operations, improve efficiency, and enable real-time decision-making.
Leadership commentary
Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said the transaction reflects strong confidence from global financial institutions in ADNOC’s value creation strategy, innovative financing approach, and proven ability to deliver mega projects. He noted that Hail and Ghasha will play a key role in ADNOC’s gas strategy while generating long-term value for partners and the UAE.
Innovative financing structure
The non-recourse financing structure allows ADNOC to unlock upfront value at competitive rates while retaining strategic and operational control. The model ring-fences midstream assets, enabling access to low-cost funding without compromising ownership.
Track record of pioneering infrastructure deals
This deal follows ADNOC’s series of major infrastructure partnerships, including oil and gas pipeline financings and BOOT projects focused on decarbonisation, power supply, and sustainable water delivery. These initiatives have strengthened ADNOC’s financial position and reinforced its attractiveness to global investors.
Broad international banking consortium
The financing is supported by a consortium of leading regional and international banks, reflecting broad market confidence in ADNOC’s strategy and the Hail and Ghasha project.
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