The awarded contracts focus on developing and modernizing the gas infrastructure, ensuring ADNOC Gas can meet growing domestic and international demand. The enhancements will include the installation of new pipelines and the upgrade of existing facilities to support the anticipated increase in gas production and processing. These improvements are crucial for ADNOC Gas to maintain its competitive edge and deliver uninterrupted gas supply to its customers.
This significant financial commitment underscores ADNOC Gas's dedication to sustainable growth and economic diversification within the UAE. Over % of the contract value will be reinvested into the local economy, aligning with ADNOC's In-Country Value (ICV) program. This initiative is designed to maximize the economic benefits of ADNOC's projects within the UAE, supporting local businesses and creating job opportunities.
The new infrastructure will also enable ADNOC Gas to enhance its ethane recovery capabilities, with a targeted increase in extraction rates by -%. This will be achieved through the construction of advanced gas processing facilities at the Habshan complex, linked to the Ruwais Industrial Complex via a dedicated natural gas liquids pipeline. This pipeline, extending kilometers, is a critical component of the Maximizing Ethane Recovery and Monetization (MERAM) project.
ADNOC Gas's expansion plans reflect its commitment to meeting the rising energy needs while adhering to the principles of efficiency and sustainability. The integration of cutting-edge technologies and infrastructure upgrades will ensure that ADNOC Gas continues to play a pivotal role in the UAE's energy sector and beyond.
This investment is part of a larger $ billion plan by ADNOC Gas to enhance its gas processing and distribution network globally. The company aims to leverage its strategic location to serve key international markets, particularly in Asia, thereby reinforcing its market presence and securing long-term growth.
ADNOC Gas's initiative is a testament to its strategic vision of becoming a leading global gas supplier, driven by innovation, sustainability, and a commitment to economic growth within the UAE. By upgrading its infrastructure and expanding its customer reach, ADNOC Gas is poised to meet future energy demands and contribute significantly to the UAE's economic diversification efforts.