• Adnoc Gas, the integrated gas processing unit of Adnoc, has reported a significant 24% increase in its fourth-quarter profit, attributed to higher sales volumes of natural gas and other commodities amidst increased prices. According to a filing to the Abu Dhabi Securities Exchange, the company's net income surged to $1.35 billion in the three months ending in December, while revenue climbed to $6.3 billion compared to $5.89 billion in the same period a year earlier.

• Ahmed Alebri, CEO of Adnoc Gas, emphasized Adnoc Gas' strategic positioning, signing new LNG supply agreements valued between $9 billion and $12 billion, tapping into the growing global demand for LNG as a transitional fuel. Domestic gas production volumes saw a 6% year-on-year increase to 596 trillion British thermal units (tbtu) in Q4, with LNG production volumes rising to 64 tbtu from 45 tbtu. Despite market fluctuations, Adnoc Gas has maintained its commitment to supplying customers across the UAE, leveraging an extensive pipeline network. Parent company Adnoc's IPO of a 5% stake in the gas business in 2023, raising about Dh9.1 billion ($2.5 billion), marked a significant milestone.