ADNOC Gas Signs 25-Year Feedstock Supply Agreement with ADNOC for TA’ZIZ Methanol Production Facility
AI Summary
- ADNOC Gas signed a long-term, 25-year feedstock supply agreement with ADNOC for the TA’ZIZ Methanol production facility in Al Ruwais City, Abu Dhabi.
- The agreement is indicatively valued at over US$5 billion, depending on operational conditions and final terms.
- Natural gas supply is scheduled to commence in 2029 upon the commissioning of the facility, which will be the first methanol production plant in the UAE.
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