ADNOC Gas Awards $8.2B in Rich Gas Development Contracts
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ADNOC Gas has approved the final investment decisions (FID) for the upcoming stages of its Rich Gas Development (RGD) project. The company has handed out $8.2 billion in engineering, procurement, and construction (EPC) contracts to boost its natural gas processing capabilities and advance its long-term expansion plans.
Under these new agreements, Wison Engineering has been secured for a $3.9 billion Phase 2 contract, while Tecnimont has been selected for a $4.3 billion Phase 3 contract. When added to the $5 billion Phase 1 investment revealed in 2025, the total capital committed to the RGD initiative reaches $13.2 billion.
Following these developments, ADNOC Gas has upgraded its long-term financial projections. The company now aims for a 60% increase in EBITDA by 2030 compared to 2023, rising from its previous forecast of over 40%. To support its pipeline of gas expansion projects, the company plans to deploy roughly $28 billion in capital expenditure between 2026 and 2030.
CEO Fatema Al Nuaimi called the milestone a defining moment for the company, noting that the FID and contract awards for the RGD project will accelerate one of the largest gas-processing programs globally while boosting both processing and export capacities.
The Phase 2 expansion will introduce a new gas processing train at the Habshan facility to supply the UAE’s expanding downstream and petrochemical industries. Meanwhile, Phase 3 will construct a new natural gas liquids (NGL) fractionation train at Ruwais, allowing for greater recovery of high-value liquids destined for export.
According to ADNOC Gas, the RGD project is a key pillar of its wider gas growth framework, which also features the Ruwais LNG, MERAM, and Estidama initiatives. Together, these projects are designed to bolster ADNOC’s integrated gas value chain and secure future LNG export volumes.
Additionally, ADNOC Gas announced a second-quarter net income of $665 million, beating its initial guidance despite ongoing shipping challenges in the Strait of Hormuz. The company also confirmed that gas supply operations at the Habshan facility have bounced back ahead of schedule to 85% capacity following security disruptions earlier in the year.
