Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, recently chaired a meeting of the Executive Committee of the ADNOC Board of Directors. During the meeting, Sheikh Khaled endorsed the final investment decision for ADNOC’s lower-carbon intensity Ruwais liquefied natural gas (LNG) project and awarded an Engineering, Procurement, and Construction (EPC) contract for the project valued at approximately $5.5 billion. The project, located in Al Ruwais Industrial City in Abu Dhabi, will be the first LNG export facility in the MENA region to run on clean power, making it one of the world’s lowest-carbon intensity LNG plants.
The project’s approval by Sheikh Khaled will strengthen ADNOC’s position as a reliable global natural gas supplier and accelerate the development of Al Ruwais Industrial City by attracting investments and boosting the local industrial ecosystem. The project will also contribute to the UAE’s economy under ADNOC’s In-Country Value (ICV) program, stimulating economic and industrial growth and creating skilled private-sector jobs for Emiratis. Sheikh Khaled highlighted the importance of ADNOC’s strategic acquisitions in lower-carbon LNG projects in the US and Mozambique, emphasizing the need for the company to focus on targeted growth both locally and internationally to meet the increasing energy demand.
In addition to approving the Ruwais LNG project, Sheikh Khaled reviewed ADNOC’s strategy to further integrate artificial intelligence (AI) and technology across its business operations to generate greater value and deliver smarter, cleaner, and safer energy solutions. The company aims to leverage its low carbon energy portfolio to power the growth of AI while accelerating the integration of AI solutions across its value chain to unlock further value, reduce emissions, and enhance safety measures. The Ruwais LNG project EPC contract was awarded to a joint venture led by Technip Energies, with JGC Corporation and NMDC Energy, and aims to more than double ADNOC’s existing UAE LNG production capacity.
Attendees at the meeting included key figures such as H.E. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director; H.E. Suhail Mohamed Al Mazrouei, Minister for Energy and Infrastructure; H.E. Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala Investment Company; and H.E. Jassem Mohammed Buatabah Al Zaabi, Chairman of the Abu Dhabi Department of Finance. The Ruwais LNG project is a significant step towards ADNOC’s goal of expanding its international LNG portfolio and establishing itself as a leading player in the global energy market. By leveraging clean power and cutting-edge technologies, ADNOC continues to position itself as a key player in the energy transition towards a more sustainable future.
