ADNOC establishes new world-scale gas processing, operations and marketing company
(WO) — ADNOC, a reliable and responsible provider of lower-carbon intensity energy, has announced the formation of ADNOC Gas, its new world-scale gas processing, operations and marketing company. The flagship company combines ADNOC’s gas process and LNG business’ operations, maintenance and marketing into one global market-leading consolidated business.
As ADNOC grows its gas production and processing capacity, the combined scale and capabilities of ADNOC Gas will maximize value and create new opportunities for ADNOC, its partners and the UAE. As a leading global player with a capacity of roughly 10 Bcfgd, ADNOC Gas will serve a wider range of domestic and international customers with an expanding portfolio of gas products.
Natural gas is a lower-carbon fuel and will play a vital role in a responsible energy transition. Demand for natural gas is expected to increase steadily over the coming decades. Global gas demand is driven by industrial and manufacturing growth and the replacement of more carbon-intensive fuels, such as coal, in international markets.
The UAE and ADNOC are well-placed to take advantage of this opportunity, given its significant gas reserves, a strong heritage of successfully developing gas projects and a proven track record as a reliable energy supplier.
The consolidated ADNOC Gas business is expected to unlock significant financial and operational opportunities. The new company will be more agile, better able to respond to changing market demands, and well-positioned to take advantage of strategic opportunities for future growth. This includes the delivery of critical capital growth projects that will increase the company’s gas processing capabilities and its intended growth in LNG.
As one of the world’s leading gas companies, ADNOC Gas will operate eight processing sites onshore and offshore with a pipeline network of over 3,250km.
ADNOC Gas’ Leadership
Mr. Ahmed Mohamed Alebri has been appointed as Chief Executive Officer (Acting) of ADNOC Gas, Mr. Peter Van Driel as Chief Financial Officer, and Mr. Mohamed Al Hashemi as Chief Operating Officer.
Ahmed Mohamed Alebri is the former CEO (Acting) of ADNOC Gas Processing and General Manager (Acting) of ADNOC Industrial Gases. With an ADNOC career spanning more than 18 years, he has held various senior management positions and has led the delivery of multi-billion-dollar gas expansion programs.
Peter Van Driel is a 28-year veteran of Shell, where he served in various key roles in Accounting, Investor Relations, M&A and Finance. Mohamed Al Hashemi is the former SVP of Production Planning & Transmission at ADNOC Gas Processing, where he previously held several leadership posts covering the full spectrum of Site Operations, Maintenance and Supply with an emphasis on HSE & Asset Integrity.
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said, “The formation of ADNOC Gas represents another major milestone in unlocking the full value of the UAE’s vast natural gas resources and builds on ADNOC’s more than 40 years experience as a leading gas producer. Natural gas will be a critical fuel in the energy transition and ADNOC Gas, through its world-scale operations and significant growth and expansion plans, will be well-positioned to meet both local and international gas demand. In addition to enabling the growth of local industry and manufacturing, ADNOC Gas will play a critical role in delivering ADNOC’s broader LNG expansion plans, including in international markets.
“For our customers, ADNOC Gas will continue to be a reliable provider of LNG, LPG and associated products. Led by a seasoned and highly qualified senior management team, with unrivaled experience in the sector, this new flagship and world-scale company will strengthen our position as a responsible and sustainable energy leader in an evolving global energy landscape.”