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ADNOC Gas: 80% Contracts From Ruwais LNG Project Sold

Bloomberg•Friday, October 10, 2025 at 6:03:48 AM
PositiveFinancial Markets
ADNOC Gas: 80% Contracts From Ruwais LNG Project Sold
ADNOC Gas has successfully sold 80% of its contracts for the Ruwais LNG project, marking a significant milestone for the company. This achievement is part of Abu Dhabi National Oil Company's broader strategy to increase dividends from its subsidiaries to over $40 billion by the end of the decade, with ADNOC Gas expected to contribute around $24 billion. CFO Peter van Driel highlighted the importance of their 20-year gas supply deal for exports, showcasing ADNOC's commitment to enhancing its role in the global energy market.
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