ADNOC Gas Posts $665 Million Q2 Profit and Approves $8. 2 Billion Gas Expansion Abu Dhabi's state owned energy giant, ADNOC Gas, has reported a record $665 million profit for the second quarter of 2026.
The company's decision to invest $8. 2 billion in the Rich Gas Development project is expected to increase EBITDA by a staggering 60% by 2030.
The investment forms part of ADNOC Gas's strategy to boost production capacity and meet growing demand for natural gas, particularly in Asia.