UAE: Adnoc Gas has recently announced the awarding of contracts worth Dh4.9 billion ($1.34 billion) to Petrofac Emirates and the Consortium consisting of National Petroleum Construction Co. and C.A.T International Ltd. These contracts are aimed at expanding the natural gas pipeline network and will contribute to the growth and sustainability of the company.
With the introduction of the new pipeline, Adnoc Gas will be able to extend its existing network from approximately 3,200 kilometers to over 3,500 kilometers. Additionally, this expansion will enable the transportation of larger quantities of natural gas to customers located in the Northern Emirates. By doing so, Adnoc Gas is strategically positioning itself to increase its market share and strengthen its customer base.
Ahmed Mohamed Alebri, the CEO of Adnoc Gas, stated that this network expansion will provide numerous advantages including, “lower-cost, sustainable and cleaner gas to more locations across the UAE by enhancing industrial access to natural gas, a cost-competitive and lower-carbon intensive fuel.”
Moreover, this project emphasizes Adnoc’s commitment to the ICV program. By supporting local manufacturing and industries, Adnoc aims to enhance the UAE’s local value chain. It is estimated that more than 70% of the contract value will be reinvested back into the UAE economy, boosting local businesses and stimulating economic growth.
Adnoc Gas’s decision to award contracts for the expansion of its natural gas pipeline network marks a significant step toward achieving its goals of increasing market share and providing sustainable gas supplies in the UAE.
This strategic move will not only meet the growing demand for natural gas in the Northern Emirates but also contribute to the economic development of the country through the ICV program. Adnoc Gas remains committed to its mission of ensuring gas self-sufficiency and delivering long-term benefits to its shareholders and the UAE as a whole.
