Browsing Tag
Rich Gas Development
4 posts
ADNOC Gas commits $13.2bn to Rich Gas Development as 60% EBITDA target meets Hormuz risk
ADNOC Gas has approved the final two phases of its $13.2 billion Rich Gas Development programme, including new processing capacity at Habshan and NGL fractionation at Ruwais. The expansion lifts its 2030 EBITDA growth target to 60%, but a 52% quarterly profit decline has exposed how strongly export economics can still be disrupted by the Strait of Hormuz.
ADNOC Gas Q2 profit falls 52% to $665m but beats guidance range
ADNOC Gas's Q2 profit fell 52% but beat guidance, and $8.2bn RGD contracts lift the 2030 EBITDA target, though Hormuz and Habshan recovery still gate 2026.
How Habshan, Das Island and Ruwais are shaping the future of Adnoc Gas infrastructure
Adnoc Gas expands infrastructure at Habshan, Das Island and Ruwais with $5B investment. Find out how this project reshapes UAE’s gas future.
ADNOC Gas awards $5bn in contracts for phase one of Rich Gas Development project
Adnoc Gas commits $5B to launch phase one of its Rich Gas Development project, targeting 40% EBITDA growth and deeper gas infrastructure in the UAE. Learn more.