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UAE discovers 80 trillion cubic feet of gas reserves
Highlights
The United Arab Emirates, a leading OPEC producer, announced on Monday the discovery of huge gas reserves, saying the find would help the Gulf state achieve self-sufficiency.
Abu Dhabi: The United Arab Emirates, a leading OPEC producer, announced on Monday the discovery of huge gas reserves, saying the find would help the Gulf state achieve self-sufficiency.
Abu Dhabi National Oil Co (ADNOC) said about 80 trillion cubic feet (2.2 trillion cubic metre) of shallow gas resources were discovered between the emirates of Dubai and Abu Dhabi, the largest of the seven-member UAE.
"This new discovery reinforces the nation's goal of achieving gas self-sufficiency, enabling major development projects," it said in a statement.
Leaders of Abu Dhabi and Dubai witnessed the signing of an agreement between ADNOC and Dubai Supply Authority for the exploration and development of the gas resources.
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