The United Arab Emirates’ Abu Dhabi National Oil Co. (Adnoc), is planning to combine its natural gas processing and LNG units into one partially public company as a part of its plans to modernize its structure and boost production.

Dubbed Adnoc Gas, the new entity would incorporate all of the group’s gas processing operations and growing liquefied natural gas business into one firm by the beginning of next year. It would become one of the world’s largest gas processing firms, with around 10 Bcf/d of capacity and a more-than-2,000 mile pipeline network.

Adnoc disclosed it could also launch an initial public offering of a minority stake in the new firm on the Abu Dhabi Securities Exchange sometime next year.

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