Overview
- On Monday, August 10, 2026, ADNOC Gas reported Q2 net income of about $665 million, beating its $400–600 million guidance and announcing final investment decisions and $8.2 billion of EPC awards for the Rich Gas Development (RGD) project.
- The RGD contracts split $3.9 billion to Wison Engineering for a new Habshan processing train and $4.3 billion to Tecnimont for an NGL fractionation train at Ruwais, bringing total committed RGD investment to $13.2 billion including the $5 billion Phase 1
- Operations at the Habshan complex have been restored to roughly 85% of processing capacity after security-related damage in April, a recovery the company says came ahead of its May year-end target
- The board approved a $940 million quarterly dividend and reaffirmed a progressive dividend policy as ADNOC Gas plans roughly $28 billion of investment from 2026–2030 to support a near‑term target of about 60% EBITDA growth by 2030
- ADNOC Gas is studying a Fujairah LNG export option that entered a June 2026 design competition to bypass the Strait of Hormuz, but the project remains under evaluation and near-term results assume continued maritime disruption for liftings