ADNOC

ADIPEC 2026 Opens: Al Jaber Cites 1 Billion Barrel Inventory Drain

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ADIPEC 2026 Opens: Al Jaber Cites 1 Billion Barrel Inventory Drain

ABU DHABI – November 02, 2026 -- Nearly one billion barrels of crude have been drained from inventories since the Strait of Hormuz disruption, ADNOC Group CEO Sultan Al Jaber said at the opening of ADIPEC 2026, as he urged the energy industry to fundamentally rethink how it builds, protects and delivers secure energy.

Hosted by ADNOC under the patronage of UAE President Sheikh Mohamed bin Zayed Al Nahyan, the event is the largest in its history. Organisers expect 239,000 participants from more than 170 countries. The four-day programme runs until 5 November, with more than 1,800 speakers across 13 conference programmes and over 380 sessions.

DUH Urges RWE to Scrap ADNOC LNG Deal Tied to Argentine Fracking Gas

Berlin – November 02, 2026 -- Deutsche Umwelthilfe (DUH) will examine legal action if RWE concludes a planned LNG supply contract with ADNOC that would include fracking gas from Argentina's Vaca Muerta formation.

RWE and ADNOC have signed a letter of intent covering LNG from ADNOC's global portfolio

Under the signed letter of intent, RWE would buy LNG from ADNOC's worldwide portfolio. DUH says that portfolio includes Argentine shale gas. ADNOC's investment arm XRG holds stakes in both the planned Argentina LNG export terminal and gas production in Vaca Muerta, one of the world's largest shale gas deposits.