ADNOC Gas, the gas division of Abu Dhabi National Oil Company, announced on August 10, 2026 an investment of more than $8.2 billion in its Rich Gas Development project, as the Emirati energy company sets its sights on a 60% increase in earnings before interest, tax, depreciation, and amortization by 2030. The announcement was made in conjunction with the company's Q2 2026 results, according to a press release published on the ADNOC Gas investor relations portal. The Rich Gas Development project encompasses several major gas production and processing facilities across the United Arab Emirates.
The flagship components include the Habshah gas project, described as the UAE's largest gas processing facility, and the Ruwais LNG project. Of the total capital commitment, $3.9 billion will be directed toward the construction of a new gas processing train at the Habshah facility. The contract for this work has been awarded to Wison Engineering.
The remaining $4.3 billion will be invested in a new natural gas liquids fractionation unit at the Ruwais LNG site. This latest financial commitment builds upon a previously announced $5 billion allocation to the Rich Gas Development project. The Ruwais LNG facility is expected to rank among the largest liquefied natural gas installations in the Middle East.
Scheduled to enter operation in late 2028, the plant will feature two liquefaction trains each with a capacity of 4.8 million tons per annum, more than doubling ADNOC Gas's existing LNG capacity to approximately 15 million tons per year. The company noted that the facility will incorporate artificial intelligence and advanced technologies to enhance safety, efficiency, and emissions performance. Fatema Al Nuaimi, Chief Executive of ADNOC Gas, framed the investment as a pivotal moment for the company's long-term growth strategy.
"This is a defining moment for ADNOC Gas. With the final investment decision and contract awards for the Rich Gas Development Project, we are not only accelerating one of the world's largest gas-processing growth programs – we are raising our ambition, targeting 60% EBITDA growth by 2030," she stated. Al Nuaimi added that the strategic investments will significantly expand the company's natural gas processing and export capacity, unlock lasting value for shareholders, and position ADNOC Gas at the center of the UAE's energy future.
The expansion drive comes as ADNOC Gas continues to scale up its operations amid strong global demand projections for natural gas, even as the broader region contends with supply disruption risks stemming from ongoing tensions in the Persian Gulf. Source: Oilprice.com / ADNOC Gas Q2 2026 press release
Source: oilprice.com