UAE’s Adnoc, Germany’s EnBW finalize LNG supply deal

mtpa of the LNG project’s production capacity has been committed to international customers through long-term agreements, Adnoc said after the Petronas announcement.

Adnoc boosting LNG business

In June, Adnoc announced the final investment decision on the Ruwais project and the EPC award to a joint venture led by France’s Technip Energies.

Prior to that, Adnoc issued in March this year a limited notice to proceed for early engineering, procurement, and construction activities to the joint venture.

Besides this EPC deal, Adnoc Gas also awarded US energy services firm Baker Hughes a contract for the LNG export terminal.

Baker Hughes will provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project.

Moreover, BP, Mitsui & Co., Shell, and TotalEnergies agreed to buy a 10 percent equity stake in Adnoc’s LNG export terminal.

Adnoc will retain a 60 percent majority stake and sell it to its unit Adnoc Gas for about $5 billion.

The LNG project will more than double Adnoc’s existing UAE LNG production capacity to around 15 mtpa, as the company builds its international LNG portfolio.

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