$4 Billion Deal in Hand as ADNOC Scores 20-Year Gas Supply Assignment

Wedoany.com Report-Nov. 29, ADNOC Gas has signed a long-term natural gas supply agreement valued at between $3.5 billion and $4.2 billion with EMSTEEL, the UAE's leading integrated steel and building materials producer. The 20-year contract, effective from 1 January 2027, will provide stable volumes of lower-carbon natural gas to support EMSTEEL's current operations and future expansion.

Fatema Al Nuaimi, CEO of ADNOC Gas, stated: "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."

Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, commented: "EMSTEEL is proud to extend its long-standing partnership with ADNOC Gas through this landmark agreement, which reflects the strength of collaboration between two national champions driving the UAE's industrial and economic transformation. This strategic partnership not only ensures a secure and sustainable energy supply for our operations but also reinforces our shared commitment to maximizing In-Country Value and supporting national economic resilience. With ADNOC Gas as a key energy partner, EMSTEEL will continue advancing green steel production, enhancing efficiency across our value chain, and contributing to the sustainable growth of the nation's industrial ecosystem."

The agreement strengthens domestic industrial capability by ensuring reliable energy supply while supporting lower-carbon steel manufacturing processes. It follows recent international LNG commitments by ADNOC Gas, including a three-year supply deal with Germany's SEFE and a heads of agreement with India’s Hindustan Petroleum Corporation Limited.