gas
Adjusted revenues increased by 7 percent in 2024 to $24.43 billion driven by a 2 percent increase in sales volume
Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom
Partnership highlights ADNOC Gas’s commitment to supporting its customers as they transition to cleaner energy solutions
This follows the July 2024 Al-Nokhatha field discovery, with reserves of 3.2 billion barrels
Investment is part of the ADNOC Gas $15 billion CAPEX plan through 2029
New facilities will likely boost ADNOC Gas’ current processing capacity by 20 percent
The Group posted revenues of $11.3 billion, reflecting a 6 percent increase from the same period in 2023
The Ruwais LNG plant will more than double ADNOC Gas’ current gross 6 mtpa LNG capacity to more than 15 mtpa
Agreement encompasses the offtake of 0.4 million metric tons per annum of LNG from Oman LNG for four years starting in 2026
Current public revenues reached OMR2.2 billion, down from OMR2.334 billion during the same period in 2023
Brent futures climbed by $1, or 1.36 percent, reaching $74.56 per barrel
