The Abu Dhabi National Oil Company (ADNOC) said Thursday that it planned to sell a 4% share in its subsidiary, ADNOC Gas, in order to raise up to $3 billion. Since Saudi Aramco’s $12.3 billion follow-on selling in June, this is the biggest sale of shares in the Middle East and North Africa (MENA) region....
Indian Oil Corporation (IOC), India’s largest oil company, has signed a significant long-term agreement with ADNOC Gas to import Liquefied Natural Gas (LNG). The deal, valued between USD 7 billion and USD 9 billion, spans 14 years and involves the supply of 1.2 million tonnes of LNG annually starting in 2026. The agreement was formalized...
ADNOC Gas plc, in partnership with Baker Hughes, has made a significant advancement in energy technology by successfully installing British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This installation marks a historic moment as it is the first deployment of this technology at an operational gas processing site. The...
ADNOC Gas has announced the awarding of three major contracts worth $2.1 billion (approximately AED 8 billion) to strengthen its liquefied natural gas (LNG) supply infrastructure. These contracts will establish key facilities to support the Ruwais LNG Project, which aims to double ADNOC Gas’ LNG production capacity. The contracts include a $1.24 billion deal for...