ADNOC Gas Boosts Investment to Meet Rising Demand

ADNOC Gas is accelerating its major gas expansion plans in response to the UAE's exit from OPEC. The company has set aside $28 billion for capital expenditures between 2026 and 2030.

The Rich Gas Development (RGD) project, one of the world's largest gas growth programmes, will drive 60% EBITDA growth by 2030. ADNOC Gas has awarded $8.2 billion in engineering, procurement, and construction contracts for Phases 2 and 3 of the RGD project.

The RGD project is expanding the company's gas processing capacity, with Phase 1 already underway. Phase 2 will add a new natural gas processing train at Habshan, while Phase 3 will add a new NGL fractionation train at Ruwais.

ADNOC Gas sees the UAE's exit from OPEC as a critical factor derisking this investment, enabling more rich gas production and further supporting profitability of the project. The company has also announced other mega projects to meet rising domestic and global energy demand.