Abu Dhabi, UAE -- ADNOC Gas announced Tuesday it has made a final investment decision on the first phase of its landmark Rich Gas Development (RGD) Project, awarding $5 billion in contracts to kickstart its largest-ever capital investment. The massive project is central to the UAE's strategy to boost liquid...

It includes $1.7 billion scheduled for distribution in Q2 2025.

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

The company aims to expand UAE gas infrastructure, increase customer reach

The company had paid an interim cash dividend of $1.62bn in Dec 2023.

The 2024 outlook for GCC IPO markets shows strong potential with diversified sector participation, bolstered by government support for both state-owned and private offerings.

The company's third-quarter revenue grew by 8% to $5.80 billion.

Nearly US$615m will be paid to build carbon-capture units.

Abu Dhabi, UAE--ADNOC Gas today announced an agreement valued between $450 million and $550 million to supply Liquefied Natural Gas (LNG) to PetroChina International Company Limited (PCI), a subsidiary of PetroChina Company Limited, one of the leading oil and gas producers and distributors in China. This agreement underscores ADNOC Gas’...

Abu Dhabi, UAE - ADNOC Gas, an integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG) supply agreement with Japan Petroleum Exploration Company (JAPEX), a Japan-based energy company. The agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), builds on the long-standing bilateral...

The group revenues were AED 26.8 billion, 5% higher than H1,2022.

The award has been received from ADCNOC Gas.

Abu Dhabi, UAE: ADNOC Gas, the integrated gas processing company, announced on Wednesday the award of a $3.6 billion (AED13.1 billion) contract to the joint venture between National Petroleum Construction Company Co. and Tecnicas Reunidas to expand its gas processing infrastructure in the UAE.  The scope of the contract includes...

The decline in revenue is due to lower gas prices.

It will export annually up to 1.2m metric tonnes of LNG.

The contracts were awarded to Petrofac Emirates and a consortium.

The firm reported a 6% increase in group revenues.

The company's revenue for the quarter was $5.2 billion.

ADNOC sold 5% stake in ADNOC Gas to investors through an IPO.

The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a market capitalization of about $50 billion. Total demand topped $124 billion, making it more than 50 times oversubscribed, ADNOC said, calling it the biggest demand yet seen for an IPO...

ADNOC Gas said that ADNOC will now offer 3.83 billion shares, equivalent to approximately 5 percent of ADNOC's total issued share capital. Previously, the offering size was $2 billion or 3.07 billion shares. The final offer price is expected to be announced on March 3.

The subscription period opens on February 23.

ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain.

ADNOC said the company combines the operations, maintenance and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global and market-leading consolidated business. ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of over 3,250km.