Adnoc Gas, EMSTEEL sign natural gas supply agreement worth $4b

Adnoc Gas and its subsidiaries on Wednesday signed a landmark $4 billion agreement, valued between $3.

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5 and $4. 2 billion, with EMSTEEL, one of the region's largest integrated steel and building materials manufacturers.The 20-year agreement, effective Ist January 2027, secures a stable and reliable supply of lower-carbon natural gas to power EMSTEEL's operations and future growth.

This milestone reinforces the longstanding partnership between Adnoc Gas and EMSTEEL and demonstrates both companies' commitment to driving sustainable economic growth in the UAE.

The agreement not only secures a dependable energy supply for one of the country's leading industrial producers but also strengthens Adnoc Gas' competitive position as a key enabler of industrial resilience and cleaner energy transition.

"This landmark agreement to supply EMSTEEL with lower-carbon natural gas underpins Adnoc Gas' role in boosting the UAE's industrial growth and economic development. We remain firmly committed to delivering reliable, lower-carbon energy that powers national industries, drives value creation, and helps secure the UAE's long-term prosperity," said Fatema Al Nuaimi, Chief Executive Officer of Adnoc Gas.