ADNOC Gas awards natural gas pipeline contracts worth $1.34bn

ADNOC Gas awards natural gas pipeline contracts worth $1.34bn

ADNOC Gas awarded $1.34bn (Dhs4.9bn) in contracts to Petrofac Emirates and a consortium led by the National Petroleum Construction Company and C.A.T International for the expansion of its natural gas pipeline network. The new pipeline will extend its existing pipeline network from approximately 3,200 km to over 3,500km, enabling the transportation of higher volumes of natural gas to customers in the UAE’s Northern emirates. ADNOC Gas expects the pipeline extension to drive further growth as the company continues to supply sustainable gas supplies in the UAE, as part of its strategy to increase its market share and enhance its customer base. “The expanded pipeline will drive further growth for ADNOC Gas and our shareholders as we deliver on our mandate to achieve gas self-sufficiency for the UAE,” Ahmed Mohamed Alebri, CEO of ADNOC Gas said, adding that the network expansion will bring the advantages of lower-cost, sustainable and cleaner gas to more locations across the UAE. ADNOC Gas said more than 70 per cent of the contracts’ value is expected to flow back into the UAE economy, as part of ADNOC Group’s In-Country Value (ICV) programme. The ICV programme seeks to enhance the country’s local value chain by encouraging local