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.

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