ADNOC Gas has announced its intention to acquire a 60% stake in the Ruwais Liquefied Natural Gas (LNG) plant from ADNOC (Abu Dhabi National Oil Company) in the second half of 2028, at an estimated cost of around $5 billion.
Publish dateMonday 11 November 2024 - 12:47
According to the announcement, over 7 million tons per year (mtpa) of the project's total production capacity of 9.6 mtpa has already been committed to international customers.
Ahmed Mohamed Alebri, CEO of ADNOC Gas, stated that this deal will strengthen ADNOC Gas's position as a powerhouse in the global LNG market.
The Ruwais LNG facility features two electrically powered liquefaction trains, each with a processing capacity of 4.8 mtpa.
Officials expect that when the plant is operational, it will be one of the lowest-carbon intensity LNG facilities in the world.
The first of the two trains is expected to come online in the second half of 2028, with the second train scheduled for early 2029. This facility will be capable of producing enough LNG each year to power every home in the Greater London area for over two years.
Furthermore, the facility will leverage advanced digital technologies and artificial intelligence to enhance safety, reduce greenhouse gas emissions, and drive efficiency.
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Source : news agency wam
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