ADNOC Gas Pours $8.2 Billion into Ambitious Expansion Push

ADNOC Gas is embarking on an ambitious $8.2 billion expansion project to boost its gas production and processing capacity. The Rich Gas Development project, which includes several facilities in the UAE, aims to increase earnings before interest, tax, depreciation, and amortization by 60% by 2030.

The project will see a new gas processing train built at the Habshah facility, with Wison Engineering overseeing the construction. This $3.9 billion investment is part of a larger commitment to the Rich Gas Development project, which now totals over $8 billion.

The Ruwais LNG project, another key component of the expansion, will be one of the largest liquefied natural gas facilities in the Middle East upon its completion in late 2028. It will more than double ADNOC Gas's existing LNG capacity to approximately 15 million tons per year.