View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
July 18, 2019

Abu Dhabi considering investment in Russian gas

Abu Dhabi's commercial district: Abu Dhabi National Oil Company (Adnoc) CEO and Russian energy minister are in discussions about investments in Russian LNG projects.

By MEED   

Abu Dhabi National Oil Company (Adnoc) is examining investments in Russia’s gas sector as part of growing ties between the United Arab Emirates (UAE) and Russia.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

UAE eyes Russia investment

Meeting in Moscow in early July, Adnoc CEO Sultan al-Jaber and Russian Energy Minister Alexander Novak discussed investment opportunities in Russia’s natural gas sector.

Adnoc said that the meeting was part of Adnoc’s objective to ‘explore opportunities to expand its strategic partnership and investment base across its entire value chain’. It did not elaborate on the topics discussed between the two leaders.

Al-Jaber and Novak are understood to have talked about specific liquefied natural gas (LNG) projects that Russia is seeking to develop.

Relations between the UAE and Russia have been growing and UAE sent a high-level delegation to the Global Manufacturing and Industrialisation Summit (GMIS) that was held from 9-11 July in the Russian city of Yekaterinburg.

The UAE was co-chair of the UN-backed event, which saw Russian President Vladimir Putin deliver a keynote address.

The event focused on the development of the manufacturing sector through advanced technology and nature-based design.

The UAE delegation included energy & industry minister Suhail al-Mazrouei, Adnoc CEO Sultan al-Jaber and Khaldoon al-Mubarak, the CEO of UAE sovereign wealth fund Mubadala. The delegation included several other senior representatives from government and industry in Abu Dhabi and Dubai.

Oil-producer Adnoc is seeking to become a leading player in the gas sector as part of its Adnoc 2030 strategy. It has tied up with Saudi Arabia’s national oil company Saudi Aramco to look for viable investment opportunities in the international upstream arena, specifically in the gas space.

Aramco has been in talks with Russian energy stakeholders, especially Novatek, which is seeking to attract investment from Saudi Arabia in the second phase of its Arctic LNG project.

MEED

This article is sourced from Offshore Technology sister publication www.meed.com, a leading source of high-value business intelligence and economic analysis about the Middle East and North Africa. To access more MEED content register for the 30-day Free Guest User Programme. 

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology