Adnoc Gets $11 Billion Finance Package for Hail and Ghasha Gas Development

Dow Jones

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By Adam Whittaker

Abu Dhabi's Adnoc said it has secured an up to $11 billion finance package for the development of its offshore Hail and Ghasha Gas development.

Hail and Ghasha is part of the larger Ghasha Concession, which is located offshore Abu Dhabi. Adnoc, or Abu Dhabi National Oil Co., expects the Ghasha concession to produce 1.8 billion standard cubic feet a day of gas. First gas is expected by the end of the decade.

The deal, signed in partnership with Italy's Eni and Thailand's PTTEP, includes 20 banks and financial institutions. It allows the company to monetize its midstream future gas production, it said.

Adnoc aims for the offshore project to operate with net zero emissions.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

December 18, 2025 05:28 ET (10:28 GMT)

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