By: Oil and Gas Middle East

ADNOC Gas has restored 85% of gas supply following incidents at its Habshan facility in April, putting recovery ahead of schedule as the company continues to advance a major gas-processing expansion programme.

According to the news report, the company reported second-quarter net income of $665 million despite the disruption, while confirming that the recovery at Habshan had already surpassed the year-end target announced in May.

Immediately after the two incidents, which occurred separately on different days in April, processing capacity at the complex had been restored to 60%.

ADNOC Gas had previously targeted restoring 80% of capacity by the end of 2026.

“The Company has concluded its technical assessment of the impact from these incidents and recovery has progressed ahead of schedule, with gas supply already restored to 85%, surpassing the year-end target set in May,” ADNOC Gas said.

The recovery comes as ADNOC Gas raises its longer-term growth ambitions.

The company is now targeting 60% EBITDA growth by 2030 compared with 2023, up from its previous target of more than 40% growth between 2023 and 2029.

ADNOC Gas expects to invest approximately $28 billion between 2026 and 2030 to support the revised growth target.

The company also remains the largest dividend payer on the Abu Dhabi Securities Exchange.

Its Board recently approved a quarterly dividend of $940 million, payable in September 2026, in line with ADNOC Gas’ commitment to deliver annual dividend growth of 5% through 2030.

Expansion programme gathers pace

ADNOC Gas is progressing four major projects across its gas value chain, including Ruwais LNG, Maximizing Ethane Recovery and Monetization (MERAM), Rich Gas Development (RGD) and Estidama.

Together, the projects are expected to generate $13.4 billion in In-Country Value.

MERAM is expected to be delivered in 2027, while Ruwais LNG and Estidama continue to advance according to plan.

Other developments, including the recently announced Bab Gas Cap and Umm Shaif Gas Cap projects, are also expected to support additional gas production, processing volumes, LNG exports and future revenue growth.

ADNOC Gas has also awarded $8.2 billion in engineering, procurement and construction contracts for Phases 2 and 3 of the RGD project.

Wison Engineering secured a $3.9 billion contract for Phase 2, while Tecnimont was awarded $4.3 billion for Phase 3.

The latest contracts build on Phase 1, announced in June 2025, which is expanding processing units across multiple gas assets to increase throughput and improve operational efficiency.

Phase 2 will add a new natural gas processing train at the Habshan facility, expanding processing capacity and operational flexibility.

Phase 3 will add a new natural gas liquids fractionation train at Ruwais, increasing the recovery of higher-value liquids from rich natural gas for export.

Together with the $5 billion committed to Phase 1, the latest awards bring total investment in the RGD project to $13.2 billion.

The expansion is expected to benefit from higher associated gas volumes as ADNOC continues to pursue its wider production capacity ambitions.