ADNOC's $8 Billion Bet on Gas: A Strategic Move or Desperate Attempt?
The recent announcement by ADNOC Gas to invest over $8 billion in its Rich Gas Development project has been hailed as a game changer for the Emirati energy giant.
The project aims to increase earnings before interest, tax, depreciation, and amortization (EBITDA) by 60% by 2030. However, beneath the surface of this ambitious expansion plan lies a more complex reality.