LNG
ADNOC L&S expects revenue to grow in the mid to high 40 percent range from 2024 to 2025
West Texas Intermediate (WTI) crude futures fell 0.4 percent to trade at $69.97 per barrel
Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share
Such tariffs could potentially hinder global economic growth as well as energy demand
Adjusted revenues increased by 7 percent in 2024 to $24.43 billion driven by a 2 percent increase in sales volume
Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million
This initiative positions Dubai as a leader in sustainable energy and reduces the maritime sector's carbon footprint
Shipyard delivered the vessel two months ahead of schedule and expects to deliver the remaining five in 2025 and 2026
ADNOC is investing approximately AED175 billion in the Ruwais LNG, Hail and Ghasha, Borouge 4 and TA’ZIZ mega-projects
The Ruwais LNG plant will more than double ADNOC Gas’ current gross 6 mtpa LNG capacity to more than 15 mtpa
ADNOC L&S has the largest diversified fleet in the region, with over 800 owned, operated and chartered vessels
