Tecnimont, a leading global contractor for highly complex plants, has joined hands with ADNOC Gas for the groundbreaking of its $4.3 billion Rich Gas Development Phase 3 Project in Abu Dhabi. Once completed in 2030, the plant will reach an output capacity of 8 million tonnes per year.
Wison Engineering has been awarded the $3.9 billion engineering, procurement and construction (EPC) contract for Phase 2 (New Natural Gas Processing Train at Habshan) of the Rich Gas Development (RGD) Project by ADNOC Gas, the gas-processing subsidiary of Abu Dhabi National Oil Company (ADNOC), in addition to a 220KV switch station.
Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.
ADNOC Gas, a key subsidiary of Abu Dhabi National Oil Company, has delivered solid results for the second quarter with a net income of $665 million, above the guidance range of $400-600 million, thus reflecting strong operational performance in a challenging operating environment.
Adnoc has launched a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), integrating Adnoc Gas, XRG and Adnoc Trading to strengthen operations. The platform boosts flexibility, shipping optionality and customer access, supporting LNG expansion including the Ruwais project.
TA’ZIZ signed $28.5 billion in long-term offtake, feedstock and sales agreements at Make it in the Emirates, covering methanol, PVC, EDC, VCM and other chemicals. Adnoc Gas will supply natural gas under a 25-year deal worth over $5 billion.
Adnoc listed companies reported resilient Q1 2026 results, generating combined revenues of $11.8 billion, EBITDA of $3.7 billion and net profit of $2.2 billion across six portfolio companies.
ADNOC Gas reported $1.1 billion net income in Q1 2026, demonstrating strong operational and financial performance despite regional uncertainty, energy-sector disruption, and maritime challenges affecting movements through the Strait of Hormuz.
Adnoc Gas has confirmed shareholder approval of all agenda items at its Annual General Meeting including a record $3.584 billion dividend for 2025, with a final dividend of $896 million payable in May.
Bernstein initiated Mena energy coverage, praising UAE governance, sovereign-backed ownership and strong cashflows. It said these enable rapid transformation of state assets into investable platforms, naming Adnoc Gas and Fertiglobe discounted, high-quality “best pick” opportunities.
