Shell, bp, Mitsui, TotalEnergies invest in Ruwais LNG

Shell Overseas Holdings Ltd. has agreed to invest in ADNOC's 9.6-million tpy Ruwais LNG plant in Abu Dhabi through a 10% participating interest.

July 11, 2024

Shell Overseas Holdings Ltd. a subsidiary of Shell PLC has agreed to invest in Abu Dhabi National Oil Co.’s (ADNOC) 9.6-million tonne/year (tpy) Ruwais LNG plant in Abu Dhabi through a 10% participating interest. Ruwais LNG will consist of two 4.8-million tpy electric-powered liquefaction trains.

Shell, through its subsidiary Shell International Trading Middle East Ltd. FZE, has also agreed to offtake 1 million tpy of LNG produced at Ruwais. ADNOC will hold a majority 60% share in the project and serve as the lead developer and operator, while Shell, bp PLC, Mitsui & Co. Ltd.’s MBK Investment Management Netherlands BV, and TotalEnergies SE will each hold 10%.

ADNOC has awarded an engineering, procurement, and construction (EPC) contract to a Technip Energies-led joint venture (OGJ Online, June 14, 2024), and says it will soon start construction in Al Ruwais Industrial City, Abu Dhabi. LNG deliveries are expected to start in 2028.