Overview
- The financing is structured under ADNOC’s sustainable finance framework to fund projects that meet international sustainable finance standards.
- Sustainable Fitch provided an independent second‑party opinion confirming alignment with global sustainable finance principles.
- First Abu Dhabi Bank is the green loan coordinator and Santander is the export credit agency coordinator for the transaction.
- The deal follows a $3 billion JBIC-backed facility in 2024, lifting ADNOC’s labelled green funding to about $5 billion over 18 months.
- The agreement was announced during Sultan Al Jaber’s visit to South Korea, as ADNOC pursues a 25% cut in operational emissions intensity by 2030 with roughly $23 billion earmarked for new energy and separately secures $11 billion to monetise Hail and Ghasha midstream gas assets.