BP, Mitsui, Shell, Total to buy 10% stake each in Adnoc’s Ruwais LNG project

BP, Mitsui, Shell, and TotalEnergies will each buy a 10% stake in Adnoc’s Ruwais LNG project, the Abu Dhabi Media Office announced on July 10. Adnoc will retain the majority 60% stake.

Separately, Adnoc has signed several new long-term LNG sales deals, including agreements for the delivery of 1mn tonnes/year with Shell and 0.6mn tonnes/year with Mitsui & Co., bringing the committed Ruwais LNG production capacity to 70%.

The Ruwais LNG project, currently under development in Al Ruwais Industrial City, Al Dhafra, Abu Dhabi, will be the first LNG export facility in the Middle East and North Africa (MENA) region to run on clean power, according to Adnoc.

Upon completion, the project will feature two LNG liquefaction trains with a capacity of 4.8mn tonnes/year each, totalling 9.6mn tonnes/year. This expansion is expected to more than double Adnoc's LNG production capacity, increasing it from 6mn tonnes/year to approximately 15mn tonnes/year.

ADNOC in December 2023, signed a 15-year heads of agreement with China’s ENN for the delivery of at least 1mn tonnes/year of LNG from the Ruwais LNG project. 

The Technip Energies consortium, leading the EPC activities, comprises Japan’s JGC and UAE’s National Petroleum Construction Company.