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ADNOC Approves $5.5 Billion Lower-Carbon Ruwais LNG Project to Double UAE's Export Capacity by 2028
Jun 12, 2024, 01:59 PM
The UAE's largest energy company, ADNOC, has approved a major liquefied natural gas (LNG) export terminal project in Ruwais. The final investment decision for this lower-carbon intensity project was made, and an engineering, procurement, and construction (EPC) contract valued at approximately $5.5 billion has been awarded. The Ruwais project is set to start in 2028 and will more than double the UAE's current LNG export capacity. This move is seen as a strategic bet on growing global gas demand and aims to make the UAE self-sufficient in gas while bolstering its trading capabilities.
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