ADNOC Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL India Limited, India's largest natural gas company, to supply up to 0.52 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) starting in 2026. This agreement marks ADNOC Gas' first LNG SPA with GAIL and strengthens its position as a reliable global LNG provider. The SPA converts a previous Heads of Agreement into a definitive agreement. ADNOC Gas plans to increase its LNG production capacity to over 15 mmtpa by 2028 following the expected acquisition of a 60% stake in Ruwais LNG. The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of 6.0 mmtpa and has been operational since 1977. Rashid Khalfan Al Mazrouei, ADNOC Gas Senior Vice President, stated that the agreement supports ADNOC Gas' growth ambitions and reinforces its role as a preferred energy partner in India. Global LNG demand is projected to rise by 15% over the next decade, driven by industrial coal-to-gas switching in China and increased LNG use for power generation in Southern and Southeast Asia.

ADNOC Gas PLC (AG) has released its interim condensed consolidated financial statements for the nine-month period ending on September 30, 2024.

ADNOC Gas plans to acquire a 60% stake in the Ruwais LNG plant from ADNOC at cost, estimated at $5 billion, in the second half of 2028. This acquisition will significantly increase ADNOC Gas's LNG processing capacity to 15.6 million tonnes per annum (mtpa). The Ruwais LNG plant, which will be the first in the MENA region to operate on clean grid power, aims to be one of the world's lowest-carbon intensity LNG plants. This announcement aligns with ADNOC Gas's strong Q3 results and updated growth strategy. The plant's construction and design are managed by ADNOC Gas, which has already committed over 7 mtpa of its 9.6 mtpa capacity to international customers. ADNOC Gas plans to invest $15 billion in capital expenditures over the next five years to capitalize on increasing demand for lower carbon gases.

ADNOC Gas PLC (AG) has released its interim condensed consolidated financial statements for the nine-month period ending on September 30, 2024.

ADNOC Gas plc released its earnings report for the third quarter and the first nine months of 2024. The report includes a management discussion and analysis, dated November 11, 2024.

The Board of Directors of ADNOC Gas Plc held a meeting on Friday, November 8, 2024, at 3:00 p.m. via video conference. During the meeting, the Board approved the company's financial statements for the third quarter of the 2024 financial year. Additionally, the Board reviewed recent developments related to the company's activities and projects. The meeting details were communicated by Dr. Ahmed Mohamed Alebri, the CEO of ADNOC Gas Plc, with a copy of the information sent to the Securities and Commodities Authority.

The Board of Directors of ADNOC Gas Plc will hold a meeting on Friday, 8 November 2024, at 3:00 p.m. via video conference. The agenda includes reviewing and approving the company's financial statements for the third quarter of 2024, as well as discussing general matters related to the company's activities and projects. The notice is issued by Dr. Ahmed Mohamed Alebri, the Chief Executive Officer of ADNOC Gas Plc, and a copy has been sent to the Securities and Commodities Authority. All parties have agreed to electronic signatures for this document.

On 9 August 2024, the Board of Directors of ADNOC Gas Plc held a meeting via video conference and approved the company's financial statements for the second quarter of 2024. They also approved the distribution of interim cash dividends to shareholders for the first half of 2024, totaling USD 1,706 million (AED 6,265,986,093), which equates to approximately 8.164 fils per share. The key dates for the dividend distribution include the last entitlement date on 15 August 2024, the ex-dividend date on 16 August 2024, the shareholders' registry closing date on 19 August 2024, and the payment date within 30 days from 9 August 2024.

ADNOC Gas announced a record net income of $1.19 billion for the second quarter of 2024, marking a 21% year-on-year increase. The company's revenue for the quarter was $6.076 billion, driven by stronger domestic gas growth due to increased population and industrial activity in the UAE. EBITDA grew by 18% year-on-year to $2.09 billion, with an EBITDA margin of 34%. The company approved an interim dividend of $1.706 billion, up 5% from 2023, with a total of $3.41 billion to be distributed for the full year. ADNOC Gas fulfills over 60% of the UAE's gas demand and supports the growth of key industrial sectors, including petrochemicals.