ADNOC Gas Approves $5 Billion for Rich Gas Project

By Faizal

11 Jun 2025

ADNOC Gas Approves $5 Billion for Rich Gas Project

ADNOC Gas has approved $5 billion worth of contracts for the first phase of its Rich Gas Development (RGD) Project. This is the company’s biggest capital investment so far. The goal is to develop new gas reservoirs, increase the UAE’s gas exports, and support the country’s energy needs.

The contracts will help expand and improve processing at four key locations: Asab, Buhasa, Habshan (onshore), and Das Island (offshore). Work at these sites will improve operations and increase capacity. Later phases will also cover more development at Habshan and Ruwais to meet growing demand.

The $5 billion investment is divided into three major parts. Wood was awarded $2.8 billion for the Habshan facility. A group led by Petrofac received $1.2 billion for work at Das Island. Another group, led by Kent Plc, received $1.1 billion for Asab and Buhasa.

Fatema Al Nuaimi, CEO of ADNOC Gas, said the project will support the company’s plan to grow its earnings by over 40% by 2029. She also said the project will create hundreds of technical jobs in the UAE and help boost the local economy. The focus on in-country value means many of the benefits will stay within the country.

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Faizal

Faizal is an experienced content creator and writer with a strong focus on business trends, economic developments, and emerging opportunities across the Gulf region. His work reflects a keen understanding of evolving markets, industry dynamics, and the factors shaping the region’s business landscape. With a research-driven approach, Faizal transforms complex market developments into clear, informative, and actionable insights for professionals, entrepreneurs, and business leaders. His content aims to provide valuable perspectives on key economic trends and developments influencing businesses across the Gulf.