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

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Adnoc Gas, SEFE ink three-year LNG supply deal

Adnoc Gas, the gas and LNG unit of UAE's Adnoc, has signed a three-year LNG supply deal with German gas importer Securing Energy for Europe (SEFE).

Santos enters exclusive due diligence with Adnoc-led consortium

Australian LNG player Santos has entered into a process and exclusivity agreement with a consortium led by Adnoc's investment unit, XRG, related to the latter's $18.7 billion takeover offer.

India’s ITD Cementation scores Ruwais LNG jetty gig

India's ITD Cementation has won a contract to build a jetty for Adnoc's Al Ruwais LNG export project in the UAE.

Santos gets $18.7 billion takeover offer from Adnoc-led consortium

Australian LNG player Santos has received a takeover offer valued at $18.7 billion from a consortium led by Adnoc's investment unit XRG.