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Adnoc Nets $1 Billion Green Financing from Japan Bank for International Cooperation

MT Newswires·11/04/2026 04:40:18
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04:40 AM EST, 11/04/2026 (MT Newswires) -- Abu Dhabi National Oil Co., or Adnoc, secured $1 billion in green financing from the Japan Bank for International Cooperation for two decarbonization projects. The funds will support the state-owned energy company's Ruwais liquefied natural gas project, which will be powered by electricity rather than gas, and offshore electrification through a subsea power transmission network, according to a Wednesday release. The financing is part of a $3 billion green funding agreement Adnoc and the Japanese lender signed in 2024.