UAE finds natural gas off coast of Abu Dhabi
Like other Gulf states, the Emirates is working to diversify its economy and rely less on energy.
Natural gas was discovered off the coast of the United Arab Emirates today.
The Abu Dhabi National Oil Company found 1.5-2 trillion standard cubic feet of raw natural gas off the coast of the eponymous emirate, the official Emirates News Agency reported.
The company’s CEO Sultan bin Ahmed Al Jaber said there are “untapped hydrocarbon resources” in Abu Dhabi that can “create long-term value for the UAE,” according to the agency.
The UAE government owns the Abu Dhabi National Oil Company and Jaber is also the Emirati industry minister.
