ADNOC Gas takes $8.2bn FID on Rich Gas Development phases 2 and 3

ADNOC Gas has approved final investment decisions for phases 2 and 3 of its Rich Gas Development project and awarded $8.2 billion in engineering, procurement and construction contracts for major expansion work at its Habshan and Ruwais gas-processing sites. The company said the investment will add gas-processing and natural gas liquids capacity, building on earlier phases of the project and supporting ADNOC’s wider plan to expand output and strengthen the UAE’s gas supply chain. The awards are part of ADNOC Gas’s biggest capital spending program to date and are intended to help meet growing domestic and export demand for gas and related products.