ADNOC has announced the formation of ADNOC Gas, its new world-scale gas processing, operations and marketing company
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. As one of the world’s leading gas companies, ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of more than 3,250km.
As ADNOC grows its gas production and processing capacity, the combined scale and capabilities of ADNOC Gas will maximise value and create new opportunities for ADNOC, its partners and the UAE. As a leading global player with capacity of around 10 billion standard cubic feet of gas per day (scfd), ADNOC Gas will serve a wider range of domestic and international customers with an expanding portfolio of gas products.
Demand for natural gas is expected to increase steadily over the coming decades with global gas demand driven by industrial and manufacturing growth and the replacement of more carbon intensive fuels, such as coal, in international markets.
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC managing director and group CEO, said, “The formation of ADNOC Gas represents another major milestone in unlocking the full value of the UAE’s vast natural gas resources and builds on ADNOC’s more than 40 years’ experience as a leading gas producer. Natural gas will be a critical fuel in the energy transition and ADNOC Gas, through its world-scale operations and significant growth and expansion plans, will be well-positioned to meet both local and international gas demand. In addition to enabling the growth of local industry and manufacturing, ADNOC Gas will play a critical role in delivering ADNOC’s broader LNG expansion plans, including in international markets.
“For our customers, ADNOC Gas will continue to be a reliable provider of LNG, LPG and associated products. This new flagship and world-scale company will strengthen our position as a responsible and sustainable energy leader in an evolving global energy landscape.”
