Business Strategy Shell to Invest in Adnoc’s Ruwais LNG Project in Abu Dhabi, UAE

Source: Press release Shell 1 min Reading Time

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Through a 10 % participating interest, Shell has plans to invest in Adnoc’s Ruwais liquefied natural gas project in Abu Dhabi, UAE. The project is expected to consist of two 4.8 million metric tonnes per annum LNG liquefaction trains with a total capacity of 9.6 mmtpa.

Shell Overseas Holdings has signed an agreement to invest in Adnoc's Ruwais LNG project in Abu Dhabi through a 10 % participating interest.(Source: Pixabay)
Shell Overseas Holdings has signed an agreement to invest in Adnoc's Ruwais LNG project in Abu Dhabi through a 10 % participating interest.
(Source: Pixabay)

Abu Dhabi/UAE – Shell Overseas Holdings, a subsidiary of Shell, has signed an agreement to invest in the Abu Dhabi National Oil Company’s (Adnoc) Ruwais liquefied natural gas (LNG) project in Abu Dhabi through a 10 % participating interest.

“This investment decision builds on our long-standing partnership with Adnoc," said Shell's Chief Executive Officer Wael Sawan. "In line with our strategy to create more value with less emissions, we are investing in additional LNG capacity and further growing our world-leading LNG portfolio, with energy-efficient and carbon-competitive projects."

The Ruwais LNG project will consist of two 4.8 million metric tonnes per annum (mmtpa) LNG liquefaction trains with a total capacity of 9.6 mmtpa. Shell, through its subsidiary Shell International Trading Middle East FZE, has also signed an agreement to offtake 1 mmtpa of LNG produced by the project. The Ruwais LNG facility is set to have an electric-powered liquefaction system and will utilize access to a renewable power supply. This design supports lower operational emissions compared to traditional gas-powered LNG facilities.

Adnoc will hold a majority 60 % share in the project and serve as the lead developer and operator of the facility, while Shell, BP, Mitsui and Total Energies will each hold 10 %.

Adnoc has awarded an engineering, procurement and construction (EPC) contract to a Technip-led joint venture and will soon start construction in Al Ruwais Industrial City, Abu Dhabi. LNG deliveries are expected to start in 2028.

(ID:50094611)

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