Shell, BP, TotalEnergies, and Japan's Mitsui have all committed to acquiring a 10 percent share in the Ruwais liquefied natural gas (LNG) project of Abu Dhabi National Oil Company (Adnoc), according to a statement from the Abu Dhabi Media Office on Wednesday.
The Ruwais LNG project is set to include two facilities capable of producing 4.8 million metric tonnes per annum (mtpa) each, significantly increasing Adnoc's LNG output to 15 mtpa.
Adnoc has also finalized agreements to provide Shell with one mtpa of LNG from the facility, scheduled to commence operations in 2028, and a separate supply agreement of 0.6 mtpa with Mitsui, as reported by the government media office.
These agreements have secured 70 percent of the committed Ruwais LNG production capacity, with Adnoc maintaining a 60 percent stake in the project.
