Adnoc Gas, a gas giant in the UAE, has revealed plans to invest over $8 billion in two strategic projects. These projects are expected to collectively add more than 3.35 billion cubic feet per day (Bcfd) of gas processing capacity in the Emirate of Abu Dhabi. This investment is part of a broader strategy by Adnoc Gas to significantly expand its gas infrastructure.
Previously, in April 2024, Adnoc Gas announced an intention to invest over $13 billion by 2029 to pursue domestic and international growth opportunities, specifically aiming to expand its liquefied natural gas (LNG) production capacity. This target was further increased to $15 billion for the period of 2025-2029 due to a projected 6% annual growth in gas demand within the UAE, compared to the 2% expected at the time of its initial public offering.
Key to this expansion is the acquisition of its parent company Adnoc's 60% stake in the new Ruwais LNG plant, expected in the second half of 2028 for up to $5 billion. This acquisition is anticipated to more than double Adnoc Gas's LNG production capacity to approximately 15 million tonnes per annum. About 75% of the Ruwais plant's 9.6 million tonnes per annum capacity has already been committed to international buyers.
Adnoc Gas also made a final investment decision and awarded $5 billion in engineering, procurement, and construction management (EPCm) contracts for the first phase of its Rich Gas Development (RGD) Project in June 2025. This project will expand gas processing units across four complexes and add 1.5 Bcfd of additional processing capacity. The company aims to expand its total gas processing capacity by 30% by 2029 from its current 10 Bcfd, excluding future projects like the Bab Gas Cap which could add over 1.8 Bcfd. The company expects a 40% EBITDA growth by 2029 compared to 2023.
