The Abu Dhabi Media Office announced Wednesday that oil companies BP Plc, Shell Plc, and TotalEnergies SE, along with trading firm Mitsui & Co. formally signed an agreement in which each of them will be awarded 10% of equity stakes of the state-owned ADNOC project for liquefied natural gas (LNG) Ruwais.
"The Ruwais LNG project [...] will be the first LNG export facility in the Middle East and North Africa region to run on clean power. It will leverage the latest technologies and AI to minimize emissions and drive efficiency," the statement said.
ADNOC's CEO Sultan Ahmed Al Jaber expressed satisfaction with including the four firms which “will be one of the world's lowest carbon-intensive LNG facilities." "[...] this world-class project will enable us to provide more lower-carbon gas to meet growing demand today while helping the world transition to a cleaner energy future," he stressed.
