Latest news with #DasIsland
Zawya
10-07-2025
- Business
- Zawya
ADNOC Gas enters into three-year LNG supply agreement with Germany's SEFE
LNG to be supplied from ADNOC Gas' Das Island liquefaction facility The agreement, valued at approximately $400 million, underscores ADNOC Gas' role as a reliable global energy provider Abu Dhabi, UAE – ADNOC Gas Plc and its subsidiaries (together referred to as 'ADNOC Gas' or the 'Company') (ADX symbol: ADNOCGAS / ISIN: AEE01195A234) announced today that it has entered into a three-year liquefied natural gas (LNG) supply agreement with Germany's SEFE Securing Energy for Europe, for the delivery of 0.7 million tonnes of LNG with deliveries commencing this year. The agreement, valued at approximately $400 million (AED1.5 billion) over its three-year term, highlights ADNOC Gas' continued expansion into global markets, with LNG supplied from ADNOC Gas' Das Island liquefaction facility – a key asset in the company's portfolio. With a production capacity of 6 mtpa, Das Island's LNG plant has shipped over 3,500 LNG cargoes worldwide since starting operations in 1977, strengthening ADNOC Gas' long-term relationships with key global energy partners. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: 'This agreement marks a significant step in strengthening our long-standing partnership with SEFE and reinforces ADNOC Gas' role as a reliable and responsible global energy provider, committed to supporting Germany's energy security. It also reflects the strong progress we are making in delivering our strategic objectives and demonstrates the confidence our partners, investors, and stakeholders place in our ability to create long-term value in a dynamic energy landscape.' The agreement builds on the ongoing strategic collaboration between the UAE and Germany, including the 2022 Energy Security and Industry Accelerator (ESIA) pact and the 2024 Joint Declaration with the state of Baden-Württemberg, both aimed at fostering energy security and sustainable fuel development. Frédéric Barnaud, Chief Commercial Officer of SEFE, said: 'Over the past two decades, we've built a strong partnership with ADNOC, and we value our relationship with such a reputable and reliable supplier. This new medium-term LNG contract builds on the long-term supply agreement with ADNOC that we signed last year, thereby adding another flexible source of LNG to our portfolio – to the benefit of both Europe's security of supply and our global market trading activities.' ADNOC Gas is a key player in ADNOC's strategy to enhance its natural gas production capacity and expand global LNG exports. As a crucial transitional fuel, natural gas offers lower carbon emissions compared to other fossil fuels and serves as an important raw material in industrial value chains. SEFE is committed to ensuring energy security across Germany and Europe by expanding its international portfolio and strengthening its global partnerships. As part of this commitment, SEFE collaborates with leading LNG and natural gas producers around the world to ensure diversified and reliable energy sources for Germany and beyond. About ADNOC Gas ADNOC Gas which refers to ADNOC Gas Plc and its subsidiaries (ADX: ADNOCGAS), listed on the ADX (ADX symbol: 'ADNOCGAS' / ISIN: 'AEE01195A234'), is a world-class, large-scale integrated gas processing and sales company operating across the gas value chain, from receipt of feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers. ADNOC Gas supplies approximately 60% of the UAE's sales gas needs. and supplies end-customers in over 20 countries. For investor inquiries, please contact: Richard Griffith Vice President, Investor Relations ir@ For media inquiries, please contact: Colin Joyce Vice President, Corporate Communications
Gulf Business
11-06-2025
- Business
- Gulf Business
ADNOC Gas awards $5bn in contracts for phase 1 of Rich Gas Development Project
Image: ADNOC The contracts cover the expansion of processing units to boost throughput and operational efficiency across four key ADNOC Gas facilities: Asab, Buhasa, and Habshan (onshore), and the Das Island liquefaction facility (offshore). Engineering, Procurement, and Construction Management (EPCM) contracts for Phase 1 have been awarded in three tranches. UK-based Wood was awarded a $2.8bn contract for the Habshan facility. Two consortia —Petrofac and Kent — secured the remaining contracts: $1.2bn for the Das Island facility and $1.1bn for Asab and Buhasa. RGD project is key to ADNOC Gas' strategy The RGD project is central to the The company plans to take additional FIDs on two more RGD phases at Habshan and Ruwais to further increase production capacity. 'This strategic investment is expected to deliver significant new value for our shareholders and enable continued sustainable growth for the company, our employees, and the UAE,' said Fatema Al Nuaimi, CEO of ADNOC Gas. 'The FID and contract awards mark a significant milestone in ADNOC Gas' strategy to deliver +40 per cent EBITDA growth between 2023 and 2029.' Phase 1 will focus on debottlenecking and optimising existing assets while unlocking new gas streams. The project also reinforces ADNOC Gas' long-term growth strategy and commitment to In-Country Value (ICV), with plans to create hundreds of new technical roles by 2029.
Zawya
10-06-2025
- Business
- Zawya
ADNOC Gas awards $5bln in contracts for first phase of its Rich Gas Development Project
ADNOC Gas Plc and its subsidiaries (together referred to as 'ADNOC Gas' or the 'Company') announced today it has taken a FID and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company's largest-ever capital investment. The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore). The company intends to take FIDs on two additional phases of the RGD project at Habshan and Ruwais to enable the delivery of greater production capacity to meet growing market demands. The RGD project will enable the development of new gas reservoirs, which are key to boosting liquid gas exports, supporting gas self-sufficiency in the UAE, and providing essential feedstock to the country's growing petrochemical industry. Engineering, Procurement, and Construction Management (EPCM) contracts have been awarded in three tranches for phase 1. The first tranche, valued at $2.8 billion, has been awarded to Wood for the Habshan facility. The remaining two tranches – $1.2 billion for the Das Island liquefaction facility and $1.1 billion for the Asab and Buhasa facilities – have been awarded to two consortia: Petrofac; and Kent Plc. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: 'The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas' strategy to deliver +40% EBITDA growth between 2023 and 2029. This strategic investment is expected to deliver significant new value for our shareholders and enable continued sustainable growth for the company, our employees, and the UAE.' Phase 1 of the RGD project focuses on optimizing and debottlenecking existing gas assets while unlocking new and valuable gas streams. As part of ADNOC Gas' long-term strategy, which is focused on growth and futureproofing its business, the RGD project aligns with the company's vision to deliver important growth initiatives between 2025 and 2029. Additionally, the RGD project highlights ADNOC Gas' commitment to enhancing In-Country Value (ICV), with plans to create hundreds of new, field-based technical positions by 2029, further contributing to the UAE's economic growth.
Arabian Business
10-06-2025
- Business
- Arabian Business
ADNOC Gas announces $5bn contracts for Rich Gas development project
ADNOC Gas has awarded $5bn in contracts for the first phase of its Rich Gas Development (RGD) Project. This marks the start of ADNOC Gas' largest-ever capital investment, aimed at expanding its gas processing capacity and supporting the UAE's growing market demands. The RGD project is designed to optimise and increase throughput across several key ADNOC Gas facilities, including: Asab (onshore) Buhasa (onshore) Habshan (onshore) Das Island liquefaction facility (offshore) The first phase will focus on expanding the capacity of existing facilities while also developing new gas reservoirs that will enhance liquid gas exports, support gas self-sufficiency in the UAE, and supply essential feedstock to the country's burgeoning petrochemical industry. $5bn ADNOC Gas investment to drive growth The contracts awarded for the first phase of the RGD project are split into three major tranches: The largest, valued at $2.8bn, has been awarded to Wood for the Habshan facility $1.2bn in contracts for the Das Island liquefaction facility $1.1bn for the Asab and Buhasa facilities have been awarded to two consortia—Petrofac and Kent Plc These contract awards are set to boost ADNOC Gas' operational efficiency, enabling the company to meet increasing market demands with enhanced processing capacity. Fatema Al Nuaimi, CEO of ADNOC Gas, said: 'The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas' strategy to deliver +40 per cent EBITDA growth between 2023 and 2029. 'This strategic investment is expected to deliver significant new value for our shareholders and enable continued sustainable growth for the company, our employees, and the UAE.' Unlocking new gas streams to support the UAE's economic growth Phase 1 of the RGD project is set to optimise ADNOC Gas' existing gas assets while unlocking new and valuable gas streams. This will increase the company's capacity to meet the growing demand for gas and its derivatives. The project is also in line with ADNOC Gas' long-term growth strategy, which focuses on positioning the company for sustainable success between 2025 and 2029. The RGD project will not only support the UAE's economic development but will also contribute to the country's energy security and its goal of achieving gas self-sufficiency. In addition, ADNOC Gas is committed to enhancing its In-Country Value (ICV) by creating hundreds of new, field-based technical positions by 2029, further fuelling the UAE's continued economic progress. Looking further ahead, ADNOC Gas plans to take final investment decisions (FIDs) on two additional phases of the RGD project at Habshan and Ruwais. These phases will further expand production capacity to meet the growing global market demands for natural gas and its by-products.
Zawya
10-06-2025
- Business
- Zawya
ADNOC Gas takes FID on Rich Gas Development project, awards $5bln contracts for Phase 1
ADNOC Gas announced on Tuesday that it has taken a Final Investment Decision (FID) and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) project. The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore), the ADX-listed company said in a press statement. The EPCM [Engineering, Procurement, Construction and Management] contracts have been awarded in three tranches for Phase 1. The first tranche, valued at $2.8 billion, has been awarded to UK-based Wood for the Habshan facility. The remaining two tranches – $1.2 billion for the Das Island liquefaction facility and $1.1 billion for the Asab and Buhasa facilities – have been awarded to the UK's Petrofac; and UAE-based Kent. The press statement said the company intends to take FIDs on two additional phases of the RGD project at Habshan and Ruwais but didnt disclose timelines for the same. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: 'The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas' strategy to deliver +40% EBITDA growth between 2023 and 2029." The RGD project marks ADNOC Gas's largest-ever capital investment to date and will enable the development of new gas reservoirs, which are key to boosting liquid gas exports, supporting gas self-sufficiency in the UAE, and providing essential feedstock to the country's growing petrochemical industry, the statement noted. In a separate statement, Petrofac said its scope for Das Island includes building a new inlet facility, two new gas dehydration and compression trains, each with a capacity of 420 million standard cubic feet per day (MMSCFD), and associated infrastructure, and upgrading existing facilities to increase the site's capacity for collecting and transporting raw natural gas. Wood said in a stock exchange statement that its scope includes the delivery of substantial upgrades and debottlenecking solutions to the existing Habshan and Habshan 5 gas processing mega-complexes and pipelines, including brownfield modifications and the installation of new facilities, adding that the scope is due to complete at the end of 2027. (Writing by SA Kader; Editing by Anoop Menon)
