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ADNOC Gas invests $3.6bn to boost gas processing capabilities
UAE’s ADNOC Gas has invested $3.6bn (Dhs13.1bn) to boost its gas processing capabilities as the company looks to expand its production capacity in the UAE.
The investment is aimed at providing sufficient energy to the country’s growing industrial sector while stimulating economic growth and diversification through the In-Country Value (ICV) generated by the contract.
The contract to expand ADNOC Gas’ gas processing infrastructure was awarded to the joint venture between National Petroleum Construction Company and Tecnicas Reunidas. The scope of the contract includes the commissioning of new gas processing facilities which will enable an optimised supply to the Ruwais Industrial Complex.
The project seeks to increase ethane extraction from ADNOC Gas’s existing onshore facilities in the Habshan complex through the construction of new gas processing facilities. It is also aimed at unlocking further value from existing feedstock and delivering it to Ruwais via a dedicated 120km natural gas liquids (NGL) pipeline.
ADNOC Gas said more than 70 per cent of the contract value will flow back into the UAE’s economy under the ICV programme, supporting local economic growth and diversification.
“This capital project represents ADNOC Gas’ latest investment in its gas processing infrastructure and underscores our commitment to responsibly meeting our customers’ current and future energy demand for natural gas and its feedstock,” said Ahmed Mohamed Alebri, CEO of ADNOC Gas.
ADNOC Gas said it continues to leverage opportunities arising from ADNOC Group’s integrated gas masterplan, which links every part of the gas value chain in the UAE, ensuring a sustainable and economic supply of natural gas to meet local and international demand.
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