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Abu Dhabi National Oil Co. (Adnoc) is advancing plans to launch an initial public offering (IPO) that would combine the United Arab Emirates’ (UAE) largest natural gas companies as part of a broader plan aimed at attracting more foreign investors and funding for long-term projects. The new company would bring Adnoc’s liquefied natural gas and gas processing units together to form Adnoc Gas. The newly formed company would have a production capacity of 10 Bcf/d across eight onshore and offshore sites and a pipeline network of more than 2,020 miles, making it one of the largest gas processing and marketing companies in the Middle East. 

Adnoc Natural Gas, LNG IPO Seen as ‘Highly Feasible’ Amid Broader Expansion Plans

Abu Dhabi National Oil Co. (Adnoc) is advancing plans to launch an initial public offering (IPO) that would combine the United Arab Emirates’ (UAE) largest natural gas companies as part of a broader plan aimed at attracting more foreign investors and funding for long-term projects. The new company would bring Adnoc’s liquefied natural gas and gas processing units together to form Adnoc Gas. The newly formed company would have a production capacity of 10 Bcf/d across eight onshore and offshore sites and a pipeline network of more than 2,020 miles, making it one of the largest gas processing and marketing companies in the Middle East. 

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