UAE's ADNOC Gas launches $5-billion rich gas project

ADNOC Gas awards $5 billion in contracts for rich gas project

ABU DHABI, June 10, 2025 – ADNOC Gas has taken a final investment decision and awarded USD 5 billion in EPCM contracts for phase 1 of its Rich Gas Development (RGD) project, the company said on Tuesday.

The project represents the largest capital investment in ADNOC Gas’s history and will focus on expanding processing capacity and improving efficiency at four sites: Asab, Buhasa, Habshan and Das Island. This is the first of three investment decisions under the RGD scheme, which aims to increase throughput, improve operations and unlock new gas resources to support exports, self-sufficiency and petrochemicals growth in the UAE.

Wood was awarded a USD 2.8-billion contract for Habshan, while Petrofac and Kent secured contracts worth USD 1.2 billion and USD 1.1 billion for Das Island and Asab/Buhasa respectively. The company also stated its long-term growth strategy includes enhancing in-country value and creating hundreds of technical roles by 2029.

“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,” ADNOC Gas chief executive officer Fatema Al Nuaimi said.

ADNOC Gas is a leading integrated gas processing and sales company, operating across the value chain from feedstock receipt to domestic and international distribution. It supplies around 60% of the UAE’s sales gas demand and serves over 20 export markets.

Photo of the Fertil 1 plant courtesy of ADNOC

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