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ADNOC Announces Gas IPO

2/21/2023

A World-Class, Large-Scale, Integrated Gas Processing Company
ADNOC, the Abu Dhabi state-owned energy company has announced its intention to float a stake in ADNOC Gas plc (“ADNOC Gas” or the “Company”), a world-class, large-scale integrated gas processing company, on the Abu Dhabi Securities Exchange (“ADX”) through an Initial Public Offering (“IPO”). ADNOC intends to offer approximately 4% of the total issued share capital of the Company. The ADNOC Gas IPO represents a unique opportunity for Individual Subscribers, Professional Investors, ADNOC Group Companies Employees, and UAE National Retirees to own shares in a leading energy provider and a key player in the UAE's long-term sustainability goals.

Who We Are
ADNOC Gas is a large-scale, integrated gas processing company and a majority owned subsidiary of ADNOC, one of the world's largest integrated energy companies. ADNOC Gas has access to 95% of the UAE's natural gas reserves, which is estimated to be the 7th largest natural gas reserves globally. The ADNOC Gas group supplies over 60% of the UAE's sales gas needs and a diverse customer base in over 20 countries.

As ADNOC continues to deliver on its commitment to sustainability, ADNOC Gas is set to play a pivotal role in supporting a responsible energy transition. Demand for natural gas, as the lowest emission hydrocarbon, is expected to continue to grow as the world looks to decarbonise its energy systems.

With its own sustainability in mind, ADNOC Gas aims to support ADNOC in fulfilling its 25% reduction target in greenhouse gas ("GHG") emissions intensity by 2030 and drive towards ADNOC's ambition of net zero operations emissions by 2050.