LNG Supply Agreement valued at between $450-550 million reinforces ADNOC Gas’ position as a global LNG export partner of choice
Agreement builds on the long-standing energy partnership between the UAE and Japan, and underscores the Company’s growing global presence, particularly in the Asian LNG market
Natural gas plays a crucial role as a transitional fuel with lower carbon emissions compared to other fossil fuels
Company awards EPC contract for carbon capture units at the Habshan gas processing plant, part of ADNOC’s wider carbon management strategy
Project to capture and permanently store up to 1.5 million tons of carbon dioxide per annum as ADNOC builds unique platform to connect sources of emissions and sequestration sites
Over 65% of the contract value to flow back into the UAE’s economy through ADNOC’s ICV program
Final cash dividend of $1.625 billion to be paid in the second quarter of 2024, bringing full-year 2023 dividend to $3.25 billion
ADNOC Gas expects to increase dividend progressively by 5% every year over next four years, underscoring the strength and visibility of its future revenues
Company intends to pay a further final cash dividend of $1.625 billion (AED5.968 billion) for the financial year 2023 in Q2 2024
Dividend payment is underpinned by ADNOC Gas’ strong and visible future cash flows