ADNOC Takes Final Investment Decision on a $5.5 Billion Project

Abu Dhabi National Oil Company (ADNOC), the state-owned oil giant of the United Arab Emirates (UAE), has taken the final investment decision (FID) for ADNOC’s lower-carbon intensity Ruwais liquefied natural gas (LNG) project. ADNOC recently granted the Engineering, Procurement, and Construction (EPC)  contract for the USD 5.5 billion Ruwais LNG project.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council

The project, located in Al Ruwais Industrial City in the Al Dhafra region of Abu Dhabi, will be the first LNG export facility in the MENA (Middle East and North Africa) region to run on clean power, making it one of the world’s lowest-carbon intensity LNG plants. 

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His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has endorsed the FID. During the meeting, His Highness commended ADNOC’s recent strategic acquisitions in major lower-carbon LNG projects in the United States (US) and Mozambique, was briefed on growth projects across ADNOC’s value chain, and gave directives to continue focusing on targeted growth both locally and internationally to meet growing energy demand. 

The project will procure highly specialized equipment and materials and see 55% of the EPC award value flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) program.

EPC Contract Award

A joint venture with Technip Energies, JGC Corporation, and NMDC Energy received the EPC contract for the Ruwais LNG project. The Ruwais LNG project will consist of two 4.8 mmtpa LNG liquefaction trains with a total capacity of 9.6 mmtpa, more than doubling ADNOC’s existing UAE LNG production capacity to around 15 mmtpa as the company builds its international LNG portfolio. The facility will leverage artificial intelligence (AI) and the latest technologies to enhance safety, minimize emissions, and drive efficiency. 

Background on the Ruwais LNG Project

The Ruwais LNG project, spearheaded by Abu Dhabi National Oil Company (ADNOC), is a groundbreaking initiative to transform the energy landscape of the Middle East and North Africa (MENA) region. The project is situated in Al Ruwais Industrial City, Abu Dhabi, and is poised to become the first LNG export facility in the MENA region to operate on clean power.

Project Details

Capacity: The project includes two LNG liquefaction trains with a combined export capacity of 9.6 million metric tons per annum (mtpa), which will double ADNOC's current LNG production output.

Clean Power: Emphasizing sustainability, the Ruwais LNG project will be one of the world's lowest-carbon-intensity LNG plants, leveraging artificial intelligence (AI), digitalization, and cutting-edge technology to enhance efficiency and safety.

Strategic Importance: The Ruwais LNG project is not just an industrial venture but a strategic pivot that will play a crucial role in the Middle Eastern LNG market. With lower carbon emissions than conventional fossil fuels, the project aligns with ADNOC’s ambition to accelerate Net Zero by 2045 and supports the global shift toward carbonization.

Read: ADNOC Signs LNG Supply Agreement for Ruwais LNG Project

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