From IPO onward ADNOC Gas was listed on the ADX in 2023. In the three years since, Al Nuaimi says the business has been reshaped from the ground up. "In the last three years, we have evolved from a collection of world-class operating assets into an integrated, publicly listed gas company with a clear value proposition," she says, noting the company is now the second-largest listed company on the exchange. "By transforming world-scale resources into world-class outcomes, we have redefined what's possible," she says, pointing to a sharper focus on "creating value from every molecule, strengthening customer relationships and delivering long-term returns for our shareholders." That value chain, she notes, touches everyday life more directly than most realise. "Every aluminium smelter, every cement plant, every air conditioner in the country: there is a molecule of ours behind it," she says. "While many people may never see our operations firsthand, they benefit from them every day." Balancing speed ADNOC Gas is now pursuing one of the largest gas growth programmes in the industry, targeting a 45 per cent increase in volumes over the next four years, backed by an estimated $28 billion in investment. Central to that expansion is Ruwais LNG, which will more than double the company's LNG capacity with an additional 9.6 million tonnes per annum and is being built as the first LNG facility in the Middle East and North Africa to run on clean power. The company is targeting 60 per cent EBITDA growth by 2030 against 2023 levels. Al Nuaimi rejects the idea that speed and discipline pull in opposite directions. "Speed and discipline are not competing objectives. In fact, discipline is what enables us to move faster and with greater confidence," she says. "Growth creates opportunity, but discipline is what turns that opportunity into lasting value." Technology is central to that discipline. ADNOC Gas is deploying aerial drones, four-legged inspection robots and tank-climbing crawlers across its operations — tools the company says can cut inspection costs by up to 75 per cent and complete certain inspections 15 times faster, while keeping workers out of hazardous environments. ADNOC Gas' own estimate places the associated savings at over $900 million. But Al Nuaimi is emphatic that technology is not the whole answer. "Our greatest advantage will not be artificial intelligence alone. It will be people who know how to use it to make better decisions, solve harder problems and create more value," she says. Beyond the UAE, the company's LNG, LPG and naphtha now reach more than 20 markets across Asia, Europe and the Middle East. "Ruwais LNG is transformational for ADNOC Gas and for the UAE," Al Nuaimi says. "It gives us the scale, customer relationships and portfolio flexibility to become a significant global LNG player." 4 / 6

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