ADNOC Gas, the integrated gas processing unit of the Abu Dhabi National Oil Company (ADNOC), plans to invest over US$13bn in growth opportunities in the United Arab Emirates and overseas over the next five years. The company, which reported revenues of nearly US$23bn in 2023, aims to acquire the new Ruwais LNG plant, to more than double its LNG production capacity by 2028, and to increase its LNG export volumes, in line with ADNOC's previous announcements (May 2023). In 2024, ADNOC Gas will focus on processing and delivering higher volumes of gas to its customers and will seek to expand its natural gas pipeline network and develop infrastructure to boost gas supply for its petrochemicals growth in Ruwais.
ADNOC Gas operates a three-train, 5.9 Mt/year gas liquefaction project on Das Island and will develop the new LNG project in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi, where it would benefit from the proximity of ADNOC's gas fields and petrochemical plants. The company will also benefit from ADNOC’s planned expansion of oil production capacity to 5 mb/d by 2027.