ADNOC Gas posts $665M Q2 profit

Adnoc Gas achieved strong profits in the second quarter of 2026, recording a net income of $665 million, surpassing expectations despite operational and logistical challenges. The company has reinforced its sustainable growth plans through new investments totaling up to $28 billion between 2026 and 2030, aimed at increasing its gas processing and export capacities. Contracts valued at $8.2 billion were awarded for the second and third phases of the rich gas development project, as part of an expansion plan intended to boost gas production and expand export markets, with a focus on digital transformation to enhance efficiency and reduce costs. The company relies on four strategic projects and aims to raise its EBITDA growth target to 60% by 2030, while also strengthening the UAE’s energy security.

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