Shell, BP, TotalEnergies, and Japan’s Mitsui have each agreed to invest in a 10 per cent stake in Abu Dhabi National Oil Company’s Ruwais liquefied natural gas (LNG) project. The project will consist of two 4.8 million metric tonnes per annum (mtpa) LNG plants, which will more than double Adnoc’s LNG capacity to 15 mtpa. Adnoc has also agreed to supply Shell with one mtpa of LNG from the plant, expected to start deliveries in 2028, and a supply deal for 0.6 mtpa with Mitsui, bringing the committed Ruwais LNG production capacity to 70 per cent.
The Panorama Digital Command Centre at the Adnoc headquarters in Abu Dhabi is where the project is taking place. Adnoc will retain the remaining 60 per cent stake in the project, showcasing the company’s commitment to the development and success of the Ruwais LNG project. This investment from major players in the energy industry reflects confidence in Adnoc’s capabilities and the potential of the Ruwais LNG project to meet growing global demand for LNG.
This partnership between Adnoc and major international energy companies highlights the strategic importance of the Ruwais LNG project in meeting the growing global demand for LNG. The supply deals with Shell and Mitsui further solidify the project’s position in the LNG market, with a significant portion of the production capacity already committed. With deliveries expected to start in 2028, the Ruwais LNG project is set to become a key player in the LNG industry, supported by these investments from industry leaders.
The Ruwais LNG project represents a significant step forward for Adnoc in expanding its LNG capacity and solidifying its position in the global energy market. By partnering with Shell, BP, TotalEnergies, and Mitsui, Adnoc is leveraging the expertise and resources of these major players to ensure the success of the project. The agreements signed with Shell and Mitsui for LNG supply further demonstrate the project’s potential to meet the needs of the market and establish itself as a major LNG producer in the coming years.
The investment in the Ruwais LNG project by Shell, BP, TotalEnergies, and Mitsui underlines the confidence in Adnoc’s capabilities and the strategic importance of the project. With the committed production capacity already at 70 per cent, the project is well on track to becoming a key player in the LNG market. Adnoc’s decision to retain a majority stake in the project shows its commitment to the development and success of the Ruwais LNG project, positioning the company for a strong foothold in the global energy landscape.
As the Ruwais LNG project progresses towards its operational phase in 2028, the investments and partnerships with major energy companies will play a crucial role in its success. Adnoc’s focus on expanding its LNG capacity and meeting global demand reflects its strategic vision for growth and sustainability in the energy sector. With the support of industry leaders like Shell, BP, TotalEnergies, and Mitsui, the Ruwais LNG project is poised to make a significant impact on the LNG market and contribute to the energy transition towards cleaner fuels.
