Abu Dhabi National Oil Company (ADNOC) has awarded a contract worth AED20.2 billion ($5.5 billion) for the engineering, procurement and construction of its Ruwais liquefied natural gas (LNG) project.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, recently chaired a meeting of the Executive Committee of the ADNOC board of directors.
During the meeting, Sheikh Khaled endorsed the final investment decision (FID) for ADNOCโs lower-carbon intensity Ruwais LNG project, which will be the first LNG export facility in the region to run on clean power, making it one of the worldโs lowest-carbon-intensity LNG plants.
ADNOCโs existing LNG capacity to double
ADNOC awarded the Ruwais LNG project contract to a joint venture led by Technip Energies, with JGC Corporation and NMDC Energy. It will consist of two 4.8 million metric tonnes per annum (mmtpa) LNG liquefaction trains with a total capacity of 9.6 mmtpa, more than doubling ADNOCโs existing UAE LNG production capacity to around 15mmtpa. In addition, the facility will leverage artificial intelligence (AI) and the latest technologies to enhance safety, minimize emissions and drive efficiency.
Al Ruwais Industrial City development
Sheikh Khaled noted that the project will reiterate ADNOCโs position as a reliable global natural gas supplier. Moreover, it will accelerate the development of Al Ruwais Industrial City by attracting investments and boosting the local industrial ecosystem.
The project will see 55 percent of the contract’s value flow back into the UAEโs economy under ADNOCโs In-Country Value (ICV) program, stimulating economic and industrial growth as well as private-sector jobs for Emiratis.
During the meeting, Sheikh Khaled commended ADNOCโs recent strategic acquisitions in major lower-carbon LNG projects in the U.S. and Mozambique. He also reviewed ADNOCโs strategy to further integrate AI and other technologies across its business to generate greater value and deliver smarter, cleaner and safer energy.
Under this strategy, ADNOC will leverage its portfolio of low-carbon energy to power the growth of AI while accelerating the integration and deployment of AI solutions across its value chain to unlock further value, lower emissions, and safety.
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