Browsing: LNG

Abu Dhabi’s state oil company, ADNOC, is currently in the early phases of assessing a potential bid for the U.S. natural gas assets owned by Aethon Energy Management, according to a source with knowledge of the matter.

ADNOC Gas plc and its subsidiaries have announced a record net income of USD 5 billion for the full year (FY) 2024, alongside the highest quarterly income of USD 1.38 billion since its IPO.

President His Highness Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors meeting, held at ADNOC Headquarters. The board directed ADNOC to pursue Net Zero emissions by 2050, supporting the UAE’s strategic initiative.