The Nikkei reported ADNOC would have a stake of around 60% and Mitsui 10% of the $7-billion LNG project at Ruwais, adding Mitsui’s investment is estimated to be several tens of billions of yen
Japan’s Mitsui & Co said on Tuesday nothing has been decided on a liquefied natural gas project in the United Arab Emirates , after the Nikkei reported it was teaming up with Abu Dhabi National Oil Company on it.
ADNOC has big ambitions in gas and LNG, which along with renewable energy and petrochemicals, it sees as pillars for its future growth. The planned Ruwais LNG project, to the west of Abu Dhabi city, will help ADNOC reach its goal of doubling its LNG production capacity. It currently has liquefaction capacity of about 6 million metric tons per annum at its Das Island facility.
Adnoc Lng Mitsui Gas Nikkei Project ADNOC Ruwais BP Shell United Arab Emirates
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