Shell: invests in LNG project in Abu Dhabi
(CercleFinance.com) - 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.
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.