ADNOC awards 3.6-bln contract to expand gas assets
ABU DHABI, August 9, 2023 – ADNOC Gas has signed a USD 3.6-billion contract with a joint venture to expand its gas processing infrastructure in the UAE, the state-run gas arm announced on Wednesday.
The joint venture consists of National Petroleum Construction Company, which is owned by local state investment fund and holding company ADQ, and Spanish engineering entity Tecnicas Reunidas.
The scope of the contract includes building new gas processing facilities to optimise supply to the Ruwais Industrial Complex.
The works fall under ADNOC’s Maximizing Ethane Recovery and Monetization project, which aims to increase ethane extraction by 35-45% from existing assets in the Habshan complex and deliver feedstock to the Ruwais complex via a 120-kilometre NGLs pipeline.
Around 70% of the contracts value is expected to flow back into the local economy under the ADNOC’s In-Country Value programme.
“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.
In July 2023, ADNOC awarded a 1.34-billion contract to Petrofac and its partners to extend the company’s pipeline infrastructure from around 3,200 kilometres to 3,500 kilometres.
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