The UAE's largest energy company, ADNOC, has approved a major liquefied natural gas (LNG) export terminal project in Ruwais. The final investment decision for this lower-carbon intensity project was made, and an engineering, procurement, and construction (EPC) contract valued at approximately $5.5 billion has been awarded. The Ruwais project is set to start in 2028 and will more than double the UAE's current LNG export capacity. This move is seen as a strategic bet on growing global gas demand and aims to make the UAE self-sufficient in gas while bolstering its trading capabilities.
Abu Dhabi’s Adnoc Greenlights Its Biggest LNG Export Project Company makes final investment decision for Ruwais project UAE seeking to become self sufficient in gas, bolster trading https://t.co/b1IRymxqeK
ADNOC, the national oil company of Abu Dhabi, has made a significant decision to proceed with the Ruwais LNG project. This project will result in a more than twofold increase in the current LNG production capacity of the United Arab Emirates. https://t.co/viMf5Mc6ej
ADNOC awards $5.5 bln of contracts for Ruwais LNG plant https://t.co/xEPk1upvVe
The Final Investment Decision for ADNOC’s lower-carbon intensity Ruwais LNG project and the award of an EPC contract valued at approximately $5.5 billion has been endorsed by the company’s board executive committee- statement #OOTT #Adnoc
IT'S OFFICIAL: Adnoc moves forward with new big LNG export project 🇦🇪🚨 💰 Adnoc made final investment decision on the Ruwais project, which will start in 2028 and more than double its LNG export capacity 📈 This is another bet on global gas demand https://t.co/Jt2YcULBsU
The UAE’s biggest energy company approved a major liquefied natural gas export terminal as it seeks to tap into a growing global market for the fuel https://t.co/KPhhuYQsV1