ADNOC Secures $2 Billion Korea Backed Green Financing

Published: Friday, December 19, 2025 at 2:42 pm

ADNOC Secures $2 Billion Green Financing Backed by South Korea

Abu Dhabi National Oil Company (ADNOC) has secured a $2 billion green financing facility backed by the Korea Trade Insurance Corporation (K-SURE). This marks ADNOC's first green financing arrangement supported by a Korean export credit agency. The deal brings ADNOC's total green funding to $5 billion over the past 18 months, reinforcing its commitment to sustainable finance.

The financing, structured under ADNOC's Sustainable Finance Framework, will support lower carbon investments. The framework ensures that funds are directed towards projects that reduce emissions and transform energy systems, aligning with international market standards. Sustainable Fitch provided an independent opinion on the framework, confirming its adherence to global sustainable finance principles.

The agreement was announced during an official visit to South Korea, highlighting the growing role of energy transition finance in economic diplomacy. The K-SURE facility follows a $3 billion green financing deal completed in 2024 with the Japan Bank for International Cooperation.

ADNOC aims to reduce its operational carbon emissions intensity by 25 percent by 2030 and is investing $23 billion in decarbonization efforts, including hydrogen, geothermal, and renewables. The company is also a founding member of the Oil and Gas Decarbonization Charter, which aims for zero methane emissions by 2030 and net zero by or before 2050.

This financing demonstrates ADNOC's commitment to balancing hydrocarbon production with emissions reduction goals. It also highlights the evolving role of export credit agencies in supporting lower carbon investments.

BNN's Perspective:

This deal is a positive step, demonstrating a pragmatic approach to energy transition. While the focus on green financing is commendable, it's crucial to ensure that these investments are genuinely impactful and contribute to a sustainable future. The involvement of export credit agencies from countries like South Korea and Japan signals a growing global consensus on the importance of supporting decarbonization efforts.

Keywords: ADNOC, green financing, K-SURE, sustainable finance, lower carbon investments, emissions reduction, energy transition, export credit agency, South Korea, UAE, decarbonization, renewable energy

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