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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.
The document is a review report and condensed consolidated interim financial information for PRESIGHT AI HOLDING PLC, covering the nine-month period ending on September 30, 2024.
On November 11, 2024, the Board of Directors of Presight AI Holding PLC passed written resolutions. They approved the company's financial statements for the nine-month period ending September 30, 2024, and decided to change the company's registered office address to Floor 17, Al Maqam Tower, Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates. The notification was issued by Thana Pramotedham, the CEO, and a copy was sent to the Securities and Commodities Authority.