Commodities
$8.2 Billion in Contracts Awarded for UAE's Rich Gas Development Project
ADNOC Gas has awarded $8.2 billion in contracts to Wison Engineering and Tecnimont for Phase 2 and 3 of its Rich Gas Development (RGD) Project.
The project, which will increase natural gas processing and NGL recovery capacity, is expected to generate approximately $13.4 billion in In-Country Value for the UAE by 2030.
ADNOC Gas has also raised its long-term growth ambition, targeting 60% EBITDA growth by 2030 compared with 2023.