Shell, TotalEnergies, and Mitsui are reportedly in talks to buy stakes in ADNOC's Ruwais LNG project in the UAE, aiming for a final investment decision next month.
Shell, TotalEnergies, and Mitsui are reportedly in talks to buy stakes in Abu Dhabi National Oil Co.'s (ADNOC) upcoming liquefied natural gas (LNG) export project in the UAE. ADNOC's Ruwais LNG facility is set to have a capacity of 9.6 million metric tons per year and aims to more than double the company's LNG production capacity. A final investment decision on the project could occur as early as next month.
April 23, 2024
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