RIYADH: In a move to consolidate its operations, Abu Dhabi National Oil Co. has announced combining the operations, maintenance and marketing of two of its subsidiaries — ADNOC Gas Processing and ADNOC LNG — into one global consolidated business.
The new world-scale gas processing, operations and marketing company ADNOC Gas came into effect from Jan. 1, 2023, the company said in a press release.
As ADNOC grows its gas production and processing capacity, the company said the combined scale and capabilities of ADNOC Gas will maximize value and create new opportunities for ADNOC, its partners and the UAE.
With a production capacity of around 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.
As natural gas is a lower-carbon fuel, the company expects it will play a vital role in a responsible energy transition. The company said the demand for natural gas is expected to increase steadily over the coming decades with global gas demand driven by industrial and manufacturing growth and the replacement of more carbon-intensive fuels in international markets.
Given its significant gas reserves and a strong heritage of successfully developing gas projects, ADNOC said the national company is well-placed to take advantage of this opportunity.
“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,” said Sultan bin Ahmed Al Jaber, minister of industry and advanced technology and managing director and group CEO of ADNOC.
In addition to enabling the growth of local industry and manufacturing, he said ADNOC Gas will play a critical role in delivering ADNOC’s broader LNG expansion plans, including in international markets.
ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of over 3,250km.
