{"id":89962,"date":"2024-03-13T00:00:00","date_gmt":"2024-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adnoc-advances-ruwais-lng-project-with-early-contract\/"},"modified":"2024-03-13T00:00:00","modified_gmt":"2024-03-13T00:00:00","slug":"adnoc-advances-ruwais-lng-project-with-early-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/","title":{"rendered":"Adnoc advances Ruwais LNG project with early contract"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc<\/strong><strong> handed out an early engineering, procurement, and construction contract <\/strong><strong>for its Ruwais liquefied natural gas (LNG) project<\/strong>,according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-issues-early-epc-award-for-ruwais-lng-project\" style=\"\" rel=\"noopener\">press release<\/a>. The Limited Notice to Proceed award was issued to a JV between engineering companies <a target=\"_blank\" href=\"https:\/\/www.ten.com\/en\" style=\"\" rel=\"noopener\">Technip Energies<\/a> and <a target=\"_blank\" href=\"https:\/\/www.jgc.com\/en\/\" style=\"\" rel=\"noopener\">JGC Corporation<\/a>, and National Marine Dredging Company subsidiary National Petroleum Construction Company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Adnoc is planning to reach a final investment decision on the Ruwais project in 1H 2024, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9b82da7f-5abf-4706-9357-0842a9172fa5\" style=\"\" rel=\"noopener\">Bloomberg<\/a> previously reported. Adnoc will use its own funds to expand production, the business information service said at the time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More about the JV:<\/strong>The JV was established back in <a target=\"_blank\" href=\"https:\/\/investors.technipenergies.com\/news-releases\/news-release-details\/technip-energies-and-national-petroleum-construction-company\" style=\"\" rel=\"noopener\">July 2022<\/a> to accelerate the UAE\u2019s 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc is readying to export: <\/strong>The company plans to start exporting from the Ruwais site in 2028.The project is expected to more than double Adnoc\u2019s LNG production capacity from 6 to 15 mn metric tons per annum. Adnoc previously awarded a USD 400 mn contract to US oil field service company Baker Hughes in <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/News-and-Media\/Press-Releases\/2023\/ADNOC-Awards-More-Than-$400m-Critical-Equipment-Contract-for-Low-Carbon-LNG-Project-in-Ruwais\" style=\"\" rel=\"noopener\">October 2023<\/a> for the supply of essential long leads, and noted that early civil works on the site have already commenced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ramping up LNG agreements:<\/strong> Adnoc inked agreements with <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-signs-first-long-term-lng-heads-of-agreement-from-ruwais-low-carbon-lng-project\" style=\"\" rel=\"noopener\">China's ENN Natural Gas<\/a> and <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2024\/adnoc-gas-signs-lng-supply-agreement-with-gail-india-limited\" style=\"\" rel=\"noopener\">Gail India<\/a> for a supply of at least 1.5 mn metric tons per year of LNG from the new plant. The company also inked LNG export agreements valued between USD 9.4-12 bn in 2023, including a 14-year LNG supply agreement with the Indian Oil Corporation, a three-year agreement with <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas-signs-3-year-lng-supply-agreement-with-totalenergies-gas-and-power\" style=\"\" rel=\"noopener\">Total Energies<\/a>, and a five-year agreement with <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas---japex---ar\" style=\"\" rel=\"noopener\">Japan Petroleum Exploration<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The contract was awarded to a JV between Technip Energies, JGC Corporation, and National Petroleum Construction Company<\/p>\n","protected":false},"author":1,"featured_media":89963,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1604],"tags":[57,143,7,505],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-adnoc","tag-energy","tag-enterpriseam-uae","tag-lng","wpautop","entry"],"acf":{"mongo_id":"1fa8b22a-aa62-40a1-8cbb-78f7ec6884cc","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2555.jpg","photo_position":"above","homepage_title":"Adnoc advances Ruwais LNG project","full_issue_title":"Adnoc advances Ruwais LNG project with early contract","related_issue":[89956],"teaser":"The contract was awarded to a JV between Technip Energies, JGC Corporation, and National Petroleum Construction Company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.ae77560b-155a-4b22-aee3-6c8ba5895a3e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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