The UAE energy firm targets a 60% EBITDA increase by 2030 through expanded gas processing and LNG projects.
ADNOC Gas will invest over $8.2 billion in its Rich Gas Development project, aiming to expand production capacity and infrastructure. The spending includes $3.9 billion for a new gas processing train, supporting the UAE’s largest gas facility at Habshah and the Ruwais LNG project.
The company expects the investment to drive a 60% rise in earnings before interest, tax, depreciation, and amortization by 2030. Prior investments in gas infrastructure have focused on meeting domestic and export demand amid global energy shifts.
No immediate market reaction was disclosed, but the move aligns with broader regional efforts to scale gas output and diversify energy revenues.