Investment decisionOil and gas
ADNOC Gas takes FID on Rich Gas Development and awards $8.2bn of EPC contracts to Wison and Tecnimont
Phase 2 adds a gas processing train at Habshan; Phase 3 adds an NGL fractionation train at Ruwais.
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- First published on EPC Feed
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ADNOC Gas took final investment decisions on Phases 2 and 3 of its Rich Gas Development (RGD) project and awarded engineering, procurement and construction contracts worth $8.2 billion, the company said with its second-quarter 2026 results on 10 August 2026.
- Phase 2, $3.9 billion, to Wison Engineering: a new natural gas processing train at the Habshan facility.
- Phase 3, $4.3 billion, to Tecnimont: a new natural gas liquids (NGL) fractionation train at Ruwais.
The awards build on Phase 1, announced in June 2025, which ADNOC Gas says is expanding processing units across several gas assets. With the $5 billion committed to Phase 1, total investment in the RGD project reaches $13.2 billion.
ADNOC Gas expects to invest about $28 billion between 2026 and 2030 and raised its target to 60% EBITDA growth by 2030 compared with 2023.
This is a defining moment for ADNOC Gas.
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