ADNOC Gas Unveils $8.2 Billion Expansion Push
The investment follows a $5 billion earlier commitment and is aimed at meeting stronger global demand and lifting earnings 60% by 2030.
- On Monday, ADNOC Gas announced an $8.2 billion investment to boost production while exploring an LNG export facility on the UAE's east coast to bypass the contested Strait of Hormuz.
- Persistent regional conflict has disrupted energy transit, with 15 tanker attacks since the war began, including three last week, forcing Gulf nations to seek infrastructure bypassing the crucial waterway.
- Chief Financial Officer Peter van Driel said the investment includes $3.9 billion for Habshah processing facilities and $4.3 billion for Ruwais, targeting 60% EBITDA growth by 2030.
- Such infrastructure would mark the first attempt by a key regional exporter to redirect LNG supplies away from the Strait of Hormuz, though it would require connecting pipelines to the western coast.
- Regional efforts to reduce dependence on the strait to zero include Saudi Arabia expanding export capacity and Iraq exploring new transport links via Syria and Turkey.
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19 Articles
Domestic market lifts ADNOC Gas amid export decline
ADNOC Gas hasn’t been able to export much liquefied natural gas or other products since late February, but the company has remained profitable and kept its investment plans intact thanks to domestic demand. The listed unit of Abu Dhabi’s state-owned energy company reported a 52% decline in second-quarter profit to $665 million.The company awarded $8.2 billion in contracts for domestic gas projects, part of $28 billion in planned investment by 20…
Svenska Dagbladet
Dagens industriThe Iran war and the crisis around the Strait of Hormuz have rocked global oil markets. Now Syria hopes to open an oil pipeline from Iraq to the Mediterranean and thereby establish itself as a power factor in the energy market. But the challenges are many.
ADNOC Gas reports Q2 net income of AED2.44 billion
Abu Dhabi: ADNOC Gas reported net income of $665 million (AED2.44 billion) for the second quarter of 2026, exceeding its guidance range of $400 million to $600 million despite operational challenges and disruptions to maritime traffic through the Strait of Hormuz.The company also announced a major milestone in its long-term growth strategy with final investment decisions (FIDs) and engineering, procurement and construction (EPC) contract awards …
(Seoul = Yonhap News) Reporter Hwang Jung-woo = The United Arab Emirates (UAE)’s Abu Dhabi National Oil Company (ADNOC) plans a new liquefied natural gas (LNG) facility outside the Strait of Hormuz...
Financial Post
The Hindu Business LineAdnoc Gas Exploring New LNG Export Plant to Avoid Hormuz
Adnoc Gas Plc is considering a new liquefied natural gas export facility outside the contested Strait of Hormuz, Abu Dhabi’s latest move to build infrastructure bypassing the critical waterway that’s been severely disrupted by the Iran war.
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