Majors Snag Stakes In Adnoc’s 9.6mn t/y Ruwais LNG

Shell, BP, TotalEnergies and Japan’s Mitsui on 10 July signed deals with Adnoc to take 10% each in the Abu Dhabi state firm’s planned 9.6mn t/y Ruwais LNG. Adnoc will retain 60% in the project which aims for late 2028 start up and on which FID was taken last month (MEES, 14 June).

Abu Dhabi is already a modest LNG exporter, with 2023 shipments of 5.4mn tons from Adnoc’s 5.8mn t/y Das Island facilities where three of the newly-announced Ruwais partners also have stakes: Adnoc 70%, Mitsui 15%, BP 10% and Total 5%. (CONTINUED - 142 WORDS)