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ADNOC Gas Signs $4-Billion Supply Deal With Regional Steel Giant
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Why This Matters
ADNOC Gas has signed a $4 billion deal with EMSTEEL to supply natural gas for 20 years, boosting their long-standing partnership and commitment to sustainability.
Market Impact
Market impact analysis based on bullish sentiment with 81% confidence.
Sentiment
Bullish
AI Confidence
81%
Article Context
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ADNOC Gas has signed a $4 billion deal to supply natural gas to EMSTEEL, the largest listed steel and building materials company in the United Arab Emirates, for 20 years beginning in 2027. Through the agreement, ADNOC Gas will supply lower-carbon natural gas to power EMSTEEL’s operations and future growth, the gas unit of the Abu Dhabi National Oil Company said on Wednesday. The landmark deal boosts the long-standing partnership between ADNOC Gas and EMSTEEL and demonstrates both companies’ commitment to driving sustainable…
Original article published by
OilPrice.com
on November 26, 2025.
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