ADNOC Gas, the gas business of the Emirati energy major, will spend more than $8 billion on its Rich Gas Development project, the company said today, as it eyes 60% growth in its earnings before interest, tax, depreciation, and amortization by 2030. The Rich Gas Development project covers several gas production facilities, including the Habshah gas project, which is the UAE's largest gas processing facility, and the Ruwais LNG project, also in the UAE. The new investment follows a $5-billion commitment to the Rich Gas Development project made earlier. The Ruwais project is set to be one of the largest liquefied natural gas facilities in the Middle East. "These strategic investments will significantly expand our natural gas processing and export capacity, unlock lasting value for our shareholders, and position ADNOC Gas at the heart of the UAE's energy future."