EnergyReader · 2026-08-10 16:25

ADNOC Gas Commits $8.2 Billion to Rich Gas Project Targeting 60% EBITDA Growth by 2030

By EnergyReader Newsroom · August 10, 2026

ADNOC Gas announced on Monday (2026-08-10) that it will invest more than $8 billion in its Rich Gas Development project, committing to one of the largest gas-processing expansions in the Middle East as it targets 60% EBITDA growth by 2030. The decision landed the same morning ICE Brent crude front-month was trading at $86.84 per barrel, up 0.67%, giving Abu Dhabi's gas arm a favourable pricing backdrop to frame its ambitions.

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