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ADNOC Gas: $20B Investment Fuels UAE Gas Expansion

by Priya Shah – Business Editor

ADNOC Gas Project to Bring Natural Gas to All Emirates by 2026

ABU DHABI ‍-‍ ADNOC Gas is on track to complete a major project extending natural gas delivery ‍infrastructure to all of the⁤ United Arab⁢ Emirates by ‍2026, the company announced this week. The initiative is a key component ⁢of ADNOC’s broader strategy to ​considerably increase gas production and meet ⁢the nation’s growing energy demands.

This expansion aims to boost the production capacity of gas and gas liquids by 30% between 2023 and 2029. ADNOC Gas anticipates adjusted earnings before‍ interest, taxes,‌ depreciation, and amortization will ⁣increase by over 40% during‍ the same‍ timeframe. The​ project underscores the UAE’s commitment to energy security and economic diversification, impacting industries from ⁢manufacturing ‍to residential consumers across all seven emirates. ⁤

The company is currently undertaking several key ⁢development ⁢projects to achieve these goals, including the “Integrated Gas ⁤Development Project,” the “Rich Gas ‍Development Project,” the‌ “Meram” project focused on ethane recovery‍ and liquefaction, and the “Ruwais‌ Liquefied Natural Gas” project. ‍

During a recent briefing following an ADNOC Board ⁢of ‍Directors​ meeting at the Habshan Complex, ADNOC Gas CEO highlighted the importance of a new agreement ⁣with Emsteel. This agreement will ensure a stable and reliable supply of low-emission natural gas to support Emsteel’s operations and future expansion.

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