Shell Overseas is taking a 10% stake in ADNOC's (Abu Dhabi National Oil Company) Ruwais liquefied natural gas (LNG) project in Abu Dhabi.
The project will include two 4.8 million ton per year liquefaction trains, for a total capacity of 9.6 million tons.
Shell is also committed to offtake 1 million tonnes of LNG per year.
The facility will use an electric liquefaction system with access to renewable energy supplies to reduce emissions.
ADNOC will own 60% of the project and will be the main developer and operator, while Shell, BP, Mitsui and TotalEnergies will each own 10%.
ADNOC has awarded an engineering, procurement and construction contract to a joint venture led by Technip, with LNG deliveries scheduled from 2028.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Shell invests in LNG project in Abu Dhabi
Published on 2024-07-10 at 08:26, updated on 2024-07-10 at 08:31
Share
Share
Go to the original article.
Contact us to request a correctionLegal disclaimer
© Cercle Finance - 2024