ADNOC Gas Posts $665 Million Q2 Profit, Approves $8.2 Billion Gas Expansion

3-line summary

• ADNOC Gas reported net income of $665 million for Q2 2026, exceeding its guidance, and took final investment decisions on Phase 2 and 3 of its Rich Gas Development project, awarding EPC contracts worth a combined $8.2 billion, according to a Yahoo Finance report.
• Including the $5 billion Phase 1 commitment, total investment in the project has reached $13.2 billion; the company now expects the broader expansion program to raise EBITDA about 60% by 2030 versus 2023, with roughly $28 billion in planned capex from 2026-2030.

This summary is our own processing of the source article; see the source link below for full context.