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

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.

This story requires a subscription

Get 12 months of full digital access to LNG Prime for only $295 instead of $600.
This includes a single user license.
Check our FAQ for more info. For group subscriptions please contact us.

Most Popular

Venture Global nears launch of Plaquemines LNG production

According to a FERC filing, Plaquemines LNG has now fulfilled the environmental conditions which were necessary prior to the...

Geocean kicks off work on Congo FLNG mooring project

French marine and offshore contractor, Geocean, a VINCI Construction Grands Projets unit, has started working on a new contract...

Golar CEO says Nigerian FLNG FID unlikely before 2025

In June, Golar and NNPC signed a project development agreement (PDA) for the deployment of an FLNG. The agreement aims...

More News Like This

Adnoc Gas, GAIL finalize 10-year LNG supply deal

According to Adnoc Gas, the SPA converts the previous heads of agreement between the company and GAIL announced in...

UAE’s Adnoc, Germany’s SEFE finalize Ruwais LNG supply deal

According to Adnoc, the SPA converts the previous heads of agreement between Adnoc and SEFE announced in March into...

Adnoc Gas drops plan to upgrade Das Island LNG export terminal

"While not proceeding with the LNG2.0 project, we will continue to invest in Das Island, particularly as it remains...

Jiangnan floats out Adnoc’s LNG carrier

China’s Jiangnan Shipyard has launched the second 175,000-cbm LNG carrier it is building for a unit of UAE’s Abu...