ADNOC has formed ADNOC Gas, its new gas processing, operations, and marketing company, effective Jan. 1. The flagship company combines the operations, maintenance, and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global consolidated business.
ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of over 3,250 km. With capacity of about 10 billion standard cu ft/d (scfd) of gas, ADNOC Gas will serve a wider range of domestic and international customers with an expanding portfolio of gas products, ADNOC said in a release Jan. 10.
Ahmed Mohamed Alebri has been appointed chief executive officer (acting) of ADNOC Gas. Peter Van Driel has been named chief financial officer, and Mohamed Al Hashemi has been appointed chief operating officer.
Ahmed Mohamed Alebri is the former acting chief executive of ADNOC Gas Processing and general manager (acting) of ADNOC Industrial Gases. Peter Van Driel is a 28-year veteran of Shell, and Mohamed Al Hashemi is the former senior vice-president of production planning and transmission at ADNOC Gas Processing.
As reported in November 2022, ADNOC intends to proceed with an initial public offering (IPO) of a minority stake in ADNOC Gas on the Abu Dhabi Securities Exchange (ADX) in 2023, subject to regulatory approvals.
Existing joint venture partners to ADNOC LNG (Mitsui & Co, bp, and TotalEnergies) and ADNOC Gas Processing (Shell, TotalEnergies, and PTTEP) will continue in their respective JV partnerships with ADNOC Gas.