emirates7 - ADNOC Gas announced today that it plans to acquire ADNOC’s 60% ownership in the Ruwais Liquified Natural Gas (LNG) facility at cost, projected around $5 billion, in the latter half of 2028.
ADNOC Gas is overseeing the design and construction of the Ruwais LNG project on behalf of the ADNOC Group and managing the sale of LNG volumes. To date, over 7 million tonnes per annum (mtpa) of the project's 9.6 mtpa production capacity is already contracted with international buyers.
Dr. Ahmed Mohamed Alebri, CEO of ADNOC Gas, emphasized, “Securing ADNOC’s 60% stake in Ruwais LNG has always been a strategic goal. This acquisition is pivotal to our international growth ambitions and will solidify ADNOC Gas’ position as a leading force in the global LNG sector. Over the coming five years, we plan to allocate $15 billion in capital expenditures to projects that will capitalize on the anticipated rise in demand, both locally and globally, for our low-carbon gas products.”
The Ruwais LNG facility will more than double ADNOC Gas' current LNG capacity, which stands at 6 mtpa from its Das Island operations, boosting total capacity to over 15 mtpa. It will feature two electrically powered liquefaction units, each with a capacity of 4.8 mtpa, marking a first for the Middle East and North Africa (MENA) region. When operational, Ruwais LNG is set to be among the lowest carbon-intensity LNG facilities worldwide.
The first of these liquefaction units is expected to be operational in the latter half of 2028, with the second coming online in early 2029. The plant’s annual output will be sufficient to power homes across Greater London for over two years.
The Ruwais facility will also integrate AI and other advanced digital tools to enhance safety, reduce emissions, and improve operational efficiency.
In June, ADNOC confirmed a Final Investment Decision (FID) for the Ruwais LNG project along with an Engineering, Procurement, and Construction (EPC) contract worth over $5.5 billion. The following month, it brought on equity partners Mitsui & Co, Shell, bp, and TotalEnergies, each securing a 10% stake in the project.
ADNOC Gas is overseeing the design and construction of the Ruwais LNG project on behalf of the ADNOC Group and managing the sale of LNG volumes. To date, over 7 million tonnes per annum (mtpa) of the project's 9.6 mtpa production capacity is already contracted with international buyers.
Dr. Ahmed Mohamed Alebri, CEO of ADNOC Gas, emphasized, “Securing ADNOC’s 60% stake in Ruwais LNG has always been a strategic goal. This acquisition is pivotal to our international growth ambitions and will solidify ADNOC Gas’ position as a leading force in the global LNG sector. Over the coming five years, we plan to allocate $15 billion in capital expenditures to projects that will capitalize on the anticipated rise in demand, both locally and globally, for our low-carbon gas products.”
The Ruwais LNG facility will more than double ADNOC Gas' current LNG capacity, which stands at 6 mtpa from its Das Island operations, boosting total capacity to over 15 mtpa. It will feature two electrically powered liquefaction units, each with a capacity of 4.8 mtpa, marking a first for the Middle East and North Africa (MENA) region. When operational, Ruwais LNG is set to be among the lowest carbon-intensity LNG facilities worldwide.
The first of these liquefaction units is expected to be operational in the latter half of 2028, with the second coming online in early 2029. The plant’s annual output will be sufficient to power homes across Greater London for over two years.
The Ruwais facility will also integrate AI and other advanced digital tools to enhance safety, reduce emissions, and improve operational efficiency.
In June, ADNOC confirmed a Final Investment Decision (FID) for the Ruwais LNG project along with an Engineering, Procurement, and Construction (EPC) contract worth over $5.5 billion. The following month, it brought on equity partners Mitsui & Co, Shell, bp, and TotalEnergies, each securing a 10% stake in the project.