Shell, BP and TotalEnergies to Invest in Major Adnoc LNG Plant, Bloomberg Reports

--European energy majors Shell, BP and TotalEnergies, along Japan's Mitsui, have agreed to buy a 10% stake each in Abu Dhabi National Oil Co.'s Ruwais liquefied natural-gas plant, Bloomberg reports, citing unnamed sources.

--Agreements could be signed as soon as next week, Bloomberg reports.

--The plant, with production capacity of 9.6 million metric tons a year, will boost the United Arab Emirates' export capacity significantly as the country pushes into global LNG markets, Bloomberg reports.

--BP, Shell and TotalEnergies declined to comment, while Mitsui and Adnoc didn't immediately reply to a request for comment by Dow Jones Newswires.

Full story: https://tinyurl.com/mrxz8rc9

Write to Christian Moess Laursen at [e-mail]

(END) Dow Jones Newswires

07-05-24 0540ET