Abu Dhabi National Oil Company (ADNOC) has announced the formation of ADNOC Gas, its new world-scale gas processing, operations, and marketing company.
The flagship company combines the operations, maintenance, and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global and market-leading consolidated business.
According to the statement, the combined scale and capabilities of ADNOC Gas will maximize value and create new opportunities for ADNOC, its partners, and the UAE.
“The formation of ADNOC Gas represents another major milestone in unlocking 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. 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 unrivaled experience in the sector, this new flagship, and the world-scale company will strengthen our position as a responsible and sustainable energy leader in an evolving global energy landscape,” Mr. Al Jaber added.
Mr. Ahmed Mohamed Alebri has been appointed as Chief Executive Officer (Acting) of ADNOC Gas, Mr. Peter Van Driel as Chief Financial Officer, and Mr. Mohamed Al Hashemi as Chief Operating Officer.
As one of the world’s leading gas companies, ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of over 3,250km.
“Existing Joint Venture (JV) partners to ADNOC LNG (Mitsui & Co, bp and TotalEnergies) and ADNOC Gas Processing (Shell, TotalEnergies, and PTTEP) will continue in their respective JV partnerships with ADNOC Gas,” as per the statement.
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