Iran and the UAE are significantly expanding their gas production capabilities to capitalize on growing global demand. Iran has completed and launched its seventh well (Well No. 12) at Platform 11B in South Pars Phase 11, further enhancing daily gas output in one of the world’s largest gas fields. Once acid stimulation operations are complete, this well is expected to reach full production capacity, contributing to Phase 11’s overall target of 28 million cubic meters per day. This milestone reinforces Iran’s commitment to advancing its energy infrastructure independently, following the withdrawal of foreign partners due to international sanctions.
Meanwhile, the UAE’s ADNOC Gas is increasing its capital expenditure to $15 billion by 2029 to strengthen its position in the global LNG market. As global LNG demand is projected to grow by 3% annually through 2040—driven by rising energy needs in Asia and the AI boom—ADNOC is focusing on expanding its production capabilities. The Ruwais LNG project, central to ADNOC’s growth strategy, will more than double UAE’s LNG production capacity with two new liquefaction trains capable of producing 9.6 million metric tons per year. This project, located in Abu Dhabi’s Al Ruwais Industrial City, is set to become the first LNG export facility in the Persian Gulf region powered by clean energy, positioning it as one of the world’s lowest-carbon LNG plants.
With most ADNOC customers located east of the Suez, the company aims to meet the rising LNG demand in Asia while addressing a forecasted global LNG supply gap. Together, these advancements by Iran and the UAE underscore the Persian Gulf region’s strategic role in meeting the world’s growing demand for natural gas, as each country seeks to expand its energy footprint and secure its share in the competitive global market.
