Contracts and TendersMiddle East

Adnoc Gas to buy 60 percent stake in Ruwais LNG terminal for about $5 billion

By LNG Prime Staff
Adnoc Gas to buy 60 percent stake in Ruwais LNG terminal for about $5 billion
Image: Adnoc

UAE’s Adnoc Gas expects to splash about $5 billion to buy a 60 percent operating interest from its parent Adnoc in the Al Ruwais LNG export plant. Adnoc Gas said in a statement on Monday it aims to acquire the stake in the second half of 2028. “It has always been our intention to acquire…

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