ADNOC Gas has announced Q2 2025 results, with net income rising by 16% year-on-year (YoY) to a record $1.385 billion and EBITDA increasing by 8% YoY to $2.256 billion.
ADNOC Gas LNG operations
According to ADNOC Gas, Q2 2025 saw a strong performance across its product portfolio, especially in the local gas market. ADNOC Gas also capitalized on opportunities to sell additional volumes at favorable prices, in the local gas market and in the export market as LNG. The Q2 results demonstrated that the company’s product portfolio is resilient to oil price volatility.
“We are pleased to report the highest quarterly net income in ADNOC Gas’ history, fueled by our strong local market business and improved operational efficiency,” said Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas. “With healthy cashflows and robust margins, we remain well-positioned for long-term growth, and our resilient business model continues to deliver strong returns.”
In the first half of 2025, ADNOC Gas increased Capex by 49% YoY. The company announced significant progress with its strategic initiatives, including the $5 billion final investment decision (FID) on the first phase of its Rich Gas Development project (RGD), which takes the committed capex to $20 billion.
In the near and medium term, the Company expects to deliver the Integrated Gas Development Expansion – Phase 2 (IGDE-2), Maximizing Ethane Recovery and Monetization (MERAM), and to take the investment decision on the remaining two phases of the RGD project.
Furthermore, ADNOC Gas is progressing other growth projects, like the Ruwais LNG project to capture an increasing share of the LNG market. LNG is a valuable and growing part of the Company’s product portfolio.
Overall, the growth projects will further strengthen ADNOC Gas’ product portfolio allowing for additional revenue streams and improved margins.
