ADNOC To Form New Gas Processing, Operations & Marketing Company

According to the report, the company combines the operations, maintenance, and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one consolidated business.

News agency WAM reported that the combined scale and capabilities of ADNOC Gas will maximise value and create new opportunities for ADNOC, its partners, and the UAE.

As a leading global player with a capacity of 10 billion standard cubic feet of gas per day, ADNOC Gas will serve a wider range of domestic and international customers with an expanding portfolio of gas products.

At the same time, the new business is expected to unlock significant financial and operational opportunities.

It will be more agile, better able to respond to changing market demands, and well-positioned to take advantage of strategic opportunities for future growth. This includes the delivery of critical capital growth projects that will increase the company’s gas processing capabilities and its intended growth in LNG, as mentioned in the report.

ADNOC Gas will operate eight processing sites, both onshore and offshore, with a pipeline network of over 3,250 km.

According to the media, Ahmed Mohamed Alebri has been appointed as the acting CEO of ADNOC Gas, Peter Van Driel as chief financial officer, and Mohamed Al Hashemi as chief operating officer.

"The formation of ADNOC Gas represents another significant milestone in realising the full value of the UAE's vast natural gas resources and builds on ADNOC's more than 40 years of experience as a leading gas producer," said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and MD and group CEO of the Abu Dhabi National Oil Company (ADNOC).

According to him, natural gas will be a critical fuel in the energy transition, and ADNOC Gas, through its world-scale operations and significant growth and expansion plans, will be well-positioned to meet both local and international gas demand.

In addition to enabling the growth of local industry and manufacturing, ADNOC Gas will play a critical role in delivering ADNOC’s broader LNG expansion plans, including in international markets.

"For our customers, ADNOC Gas will continue to be a reliable provider of LNG, LPG, and associated products." "Led by a seasoned and highly qualified senior management team with unrivalled experience in the sector, this new flagship and world-scale company will strengthen our position as a responsible and sustainable energy leader in an evolving global energy landscape," Dr. Sultan bin Ahmed Al Jaber concludes.

By Sumita Pawar