ABU DHABI — ADNOC Gas plans to invest more than $8 billion to expand its natural gas processing and export capacity, the United Arab Emirates company said on Monday, as it seeks to capitalize on rising gas demand and increased domestic production.
The investment is part of the Rich Gas Development project, which ADNOC Gas said would have total spending of $13.2 billion, making it the company’s largest capital investment to date. The latest plans include a new domestic gas processing unit at the company’s Habshan facility and a new gas export facility at Ruwais.
ADNOC Gas said the new projects follow a $5 billion investment announced in June 2025 under the first phase of the Rich Gas Development programme, which focused on removing processing bottlenecks.
Chief Executive Fatema Al Nuaimi said the investments would significantly expand the company’s natural gas processing and export capacity. ADNOC Gas is now targeting earnings before interest, taxes, depreciation and amortisation growth of 60% by 2030, compared with its previous target of more than 40% growth from 2023 to 2029.
The expansion comes as ADNOC, the state-owned parent company, targets production of 5 million barrels of oil equivalent per day by 2027. The UAE’s recent departure from OPEC has also given the country greater flexibility over oil production, potentially increasing associated gas volumes available for processing.
ADNOC Gas reported second-quarter net income of $665 million on Monday, down from $1.39 billion a year earlier, amid disruptions to shipping through the Strait of Hormuz. The company expects third-quarter net income of up to $800 million, according to the company’s latest guidance.
