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Commodities

ADNOC Gas Unveils $8.2 Billion Expansion Push

Oilprice.com · 1h ago · 🇦🇪 United Arab Emirates

ADNOC Gas Unveils $8.2 Billion Expansion Push

ADNOC Gas, the gas business of the Emirati energy major, will spend more than $8 billion on its Rich Gas Development project, the company said today, as it eyes 60% growth in its earnings before interest, tax, depreciation, and amortization by 2030. The Rich Gas Development project covers several gas production facilities, including the Habshah gas project, which is the UAE’s largest gas processing facility, and the Ruwais LNG project, also in the UAE. Of the total investment, $3.9 billion would go towards building a new gas processing train…

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