The UK’s BP and Shell, France’s TotalEnergies and Japan’s Mitsui & Co. have each agreed to take a 10% stake in ADNOC’s 9.6 Mt/year Al Ruwais LNG export terminal, located in the emirate of Abu Dhabi, in the United Arab Emirates. ADNOC will retain a 60% stake. In addition, ADNOC has signed new long-term LNG sales contracts with Shell for 1 Mt/year and with Mitsui for 0.6 Mt/year, raising the committed LNG production capacity to 70%.
In June 2024, the Emirati company took a final investment decision (FID) on the project and awarded a US$5.5bn engineering, procurement and construction (EPC) deal to a joint venture of France’s Technip Energies, Japan’s JGC Corporation and the UAE's NMDC Group. The Al Ruwais LNG project will consist of two 4.8 Mt/year LNG liquefaction trains, which will more than double ADNOC’s existing UAE LNG production capacity to around 15 Mt/year. The company already operates a three-train, 5.9 Mt/year gas liquefaction project on Das Island. In 2023, ADNOC had announced plans to double its LNG production capacity to meet the increase in global gas demand.