UAE’s Adnoc says ‘advancing’ towards Ruwais LNG FID

UAE’s energy giant Adnoc is getting closer to taking a final investment decision to build its second LNG terminal in Al Ruwais.

Earlier this year, Adnoc announced it will build its second LNG terminal in Al Ruwais. The firm previously planned to construct the facility in Fujairah.

Adnoc Gas, the gas and LNG unit of Adnoc, recently also awarded US energy services firm Baker Hughes a contract for the planned LNG export terminal.

“We are advancing towards a final investment decision for a project in Ruwais that will establish one of the world’s lowest carbon intensity LNG production facilities,” Adnoc said in a social media post.

The firm did not say when it expects to take the final decision on the large project.

Located in Al Ruwais Industrial City, the project features two 4.8 million tons per annum (mtpa) LNG trains operating on renewable and nuclear energy, which will make it the MENA region’s first LNG project to be powered by “clean energy”, according to Adnoc.

Adnoc also noted the procurement of $400 million all-electric compressors is already underway.

Once operational, the facility will more than double Adnoc’s LNG production capacity from 6 mtpa to 15 mtpa, it said.

Adnoc owns a 70 percent stake in Adnoc LNG, that currently produces about 6 mtpa of LNG from its facilities on Das Island.

The energy giant launched Adnoc Gas on January 1 as it looks to further expand its international presence.

Adnoc Gas recently signed a deal to supply LNG to Jera Global Markets, a joint venture between majority shareholder Japan’s Jera and France’s EDF, and it signed a deal with a unit of state-owned PetroChina.

Earlier this year, Adnoc Gas signed a three-year LNG supply deal with a unit of France’s TotalEnergies.

After that, the firm signed a long-term deal to supply LNG to India’s top state oil refiner Indian Oil, and it signed a deal worth up to $550 million with Japan Petroleum Exploration (Japex).

The total value of LNG supply agreements signed by Adnoc Gas since its listing in March this year is between $9.4 billion and $12 billion, the firm previously said.

Most Popular

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

TPDC, Energetech Tantel to develop Tanzanian small-scale LNG plant

State-run Tanzania Petroleum Development Corporation has signed a memorandum of understanding with Energetech Tantel to develop what they say is Tanzania's first small-scale LNG plant.

More News Like This

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.

Adnoc Gas dishes out $5 billion in contracts for expansion project

Adnoc’s gas and LNG unit, Adnoc Gas, has taken the final investment decision on its Rich Gas Development (RGD) project. It also awarded $5 billion in contracts for the first phase of the project in the UAE.