ADNOC-awards-5.5-billion-in-contracts-upon-Ruwais-LNG-FID

ADNOC awards $5.5 billion in contracts upon Ruwais FID

ABU DHABI, June 13, 2024 – State-owned Abu Dhabi National Oil Company (ADNOC) has reached a FID on the Ruwais LNG project and awarded USD 5.5 billion in EPC contracts to a joint venture of Technip Energies with JCG Corporation and NMDC Energy, the companies announced on Wednesday.

Located in Abu Dhabi’s Al Ruwais Industrial City, the project will consist of two 4.8-million tpy natural gas liquefaction trains which will more than double ADNOC’s existing LNG production capacity once operational. The plant will use electric-driven motors instead of conventional gas turbines and will be powered by clean energy.

 

ADNOC has already signed long-term LNG offtake agreements with China’s ENN Natural Gas and Germany’s EnBW and SEFE Securing Energy for Europe that will be sourced from the Ruwais LNG complex upon its expected operational launch in 2028.

“By powering electrified LNG trains with nuclear energy, this project sets a new standard for energy security and sustainability. Leveraging our low-carbon and electrified LNG leadership, we will support ADNOC’s position as a reliable global natural gas supplier and commitment to decarbonisation,” said Arnaud Pieton, CEO of Technip Energies.

55% of the EPC award value is expected to flow back into the UAE’s economy under ADNOC’s In-Country Value programme.

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