Logistics (MENA) 
Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Climate (MENA) 
Share
Read Full Issue 
Abu Dhabi National Oil Company (Adnoc) reached the final investment decision for its liquified natural gas (LNG) project in Al Ruwais Industrial City at an executive board committee meeting yesterday, it said in a statement. The company also handed out an engineering, procurement, and construction (EPC) contract for the project. The company plans to start exporting from the Ruwais site in 2028. The project is expected to more than double Adnoc’s LNG production capacity to 15 mn metric tons per annum from 6 mn tons.
REMEMBER- Adnoc planned to reach a final investment decision on the Ruwais project in 1H 2024, Bloomberg previously reported. The oil giant said it would use its own funds to expand production, the business information service said at the time, though several international firms — including UK oil and gas giant Shell, French TotalEnergies, Japanese trading firm Mitsui & Co., and even India — have shown interest in acquiring a stake in the facility since then.
Getting the ball rolling: Adnoc handed out a USD 5.5 bn EPC contract for its project, according to the statement. The contract was handed to a JV between engineering companies Technip Energies and JGC Corporation, and National Marine Dredging Company. Adnoc had previously issued a Limited Notice to Proceed award to the JV back in March.
More about the JV: The JV was established back in July 2022 to accelerate the UAE’s transition to clean energy. It offers services in blue and green hydrogen, related decarbonization projects, and industrial projects in the fields of waste-to-energy, biorefining, and biochemistry.
…and has been ramping up supply agreements: Adnoc inked 15-year agreements with China’s ENN Natural Gas and SEFE Marketing & Trading Singapore, a subsidiary of Germany’s state-owned energy firm Securing Energy for Europe, to deliver to each some 1 mn tons of LNG annually from the new plant. The company also inked a similar 15-year agreement with German energy giant Energie Baden-Württemberg to supply it with 0.6 mn tons of LNG annually.
