BP, Mitsui & Co, Shell and TotalEnergies have signed agreements with the Abu Dhabi energy giant to become 10% stakeholders each in the upcoming $5.5bn Ruwais LNG terminal<\/p>\n
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Abu Dhabi National Oil Company (Adnoc) has signed agreements with international energy companies to divest a total stake of 40% in its\u00a0liquefied natural gas (LNG) project being developed in Abu Dhabi\u2019s Ruwais industrial city.<\/p>\n
British energy producer BP, Japanese firm Mitsui & Co, UK-based Shell and French energy producer TotalEnergies will hold 10% stakes each in the Ruwais LNG terminal project. Adnoc will retain the majority 60% stake in the facility.<\/p>\n
The agreements were signed by\u00a0Sultan Ahmed Al-Jaber, Adnoc\u2019s managing director and group CEO; Murray Auchincloss, CEO of BP; Kenichi Hori, president and CEO of Mitsui & Co; Wael Sawan, CEO of Shell; and Patrick Pouyanne, chairman and CEO of TotalEnergies.<\/p>\n
Sheikh Khaled Bin Mohamed Bin Zayed Al-Nahyan, Crown Prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council, witnessed the signing of the agreements in Abu Dhabi on 10 July.<\/p>\n
LNG supply deals<\/h6>\n
Adnoc also signed new long-term LNG sales deals with Shell and Mitsui & Co. As part of those deals, Shell and Mitsui & Co will offtake 1 million tonnes a year (t\/y) and 600,000 t\/y of LNG, respectively, taking the committed Ruwais LNG production capacity to 70%.<\/p>\n
Prior to these two supply deals, Adnoc had already secured three offtake agreements with foreign customers for the Ruwais LNG project.<\/p>\n
In December last year<\/strong>, Adnoc bagged a deal with China\u2019s ENN Natural Gas to supply at least 1 million metric t\/y of LNG for 15 years. In March this year<\/strong>, Adnoc signed a sales agreement with another German firm, SEFE Securing Energy for Europe, for the supply of 1 million metric t\/y of LNG for 15 years.<\/p>\nMore recently, in May, Adnoc signed a heads of agreement<\/strong> with Germany\u2019s EnBW Energie Baden-Wurttemberg (EnBW) for the delivery of 600,000 metric t\/y for a duration of 15 years.<\/p>\nRuwais LNG terminal project<\/h6>\n
The upcoming LNG export terminal, being built in Ruwais Industrial City in Abu Dhabi\u2019s Al-Dhafra region, will have the capacity to\u00a0produce about 9.6 million t\/y of LNG from\u00a0two processing trains, each with a capacity of\u00a04.8 million t\/y. When the project is commissioned, Adnoc\u2019s LNG production capacity will more than double to about\u00a015 million t\/y.<\/p>\n
Adnoc awarded the full engineering, procurement and construction (EPC) contract\u00a0and achieved the final investment decision (FID)\u00a0for the LNG terminal complex in June.<\/p>\n
A consortium of France\u2019s Technip Energies, Japan-based JGC Corporation and Abu Dhabi-owned NMDC Energy has been awarded the EPC contract, worth $5.5bn,\u00a0Adnoc announced on 12 June<\/strong>. In March,\u00a0Adnoc issued a limited notice to proceed<\/strong>\u00a0to the consortium of contractors\u00a0led by Technip Energies\u00a0for early EPC works on the Ruwais LNG terminal project.<\/p>\nThe Ruwais LNG terminal facility, to be operated by Adnoc Group subsidiary Adnoc Gas,\u00a0will ship LNG mainly to key Asian markets, including Pakistan, India, China, South Korea and Japan.<\/p>\n
The complex will\u00a0feature process units, storage tanks and\u00a0an export jetty for loading cargoes\u00a0and LNG bunkering, as well as utilities, flare handling systems\u00a0and associated buildings.<\/p>\n
The planned LNG facility will run on electric-powered rotary equipment and compressors instead of gas-fired units.\u00a0Adnoc awarded a $400m contract<\/strong>\u00a0in October 2023\u00a0to US-based Baker Hughes for the supply of all-electric compression systems for the project. The LNG trains will run on energy-efficient Baker Hughes technology, including compressors\u00a0driven by 75MW electric motors.<\/p>\nPhoto credit: Emirates News Agency (Wam)<\/h3>\n<\/p><\/div>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"BP, Mitsui & Co, Shell and TotalEnergies have signed agreements with the Abu Dhabi energy giant…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[2],"tags":[759,800,801,216,802,803,514],"class_list":["post-40319","post","type-post","status-publish","format-standard","hentry","category-uae","tag-adnoc","tag-energy","tag-firms","tag-global","tag-invest","tag-lng","tag-project"],"yoast_head":"\n
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