ADNOC secures up to $11 billion in mega-scale financing deal for UAE gas project

ABU DHABI, December 18, 2025 – ADNOC has signed a landmark financing deal worth up to USD 11 billion for the Hail and Ghasha gas project offshore the UAE, the company said on Thursday.

The transaction monetises future midstream gas production and is backed by a consortium of over 20 global and regional financial institutions. Hail and Ghasha, part of the Ghasha concession, is projected to produce 51 mcm (1.8 bcf) per day and aims to operate with net zero emissions by capturing 1.5 million tonnes of CO2 per year.

This substantial non-recourse financing structure ring-fences midstream processing operations while retaining strategic control. It allows ADNOC and partners Eni and PTTEP to raise capital efficiently while securing long-term offtake flows.

“This landmark transaction builds on ADNOC’s successful track record of global energy partnerships and unlocks capital to drive progress at Hail and Ghasha,” ADNOC managing director and group CEO Sultan Ahmed Al Jaber said.

ADNOC has recently concluded other infrastructure deals including a USD 4.9 billion oil pipeline partnership, a USD 10.1 billion gas pipeline agreement, and BOOT projects totalling over USD 6 billion for offshore power and sustainable water supply.

ADNOC is the UAE’s state-owned oil and gas company and a leading global producer of energy, with a strong portfolio spanning upstream, midstream and downstream activities. The company is advancing its gas strategy to meet growing global demand and support the UAE’s energy transition goals.

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