ADNOC Gas announced plans to acquire ADNOC’s 60% share in the Ruwais Liquified Natural Gas (LNG) plant in the second half of 2028 at a cost estimated at around $5 billion.
ADNOC Gas is managing the construction, design and marketing of LNG volumes for the Ruwais LNG project on behalf of the ADNOC Group. Of the plant’s projected 9.6 million tonnes per annum (mtpa) production capacity, over 7 mtpa is already committed to international buyers.
“It has always been our intention to acquire ADNOC’s 60% stake in Ruwais LNG,” said Dr Ahmed Mohamed Alebri, CEO of ADNOC Gas. “This investment is a central component of our ambitious international growth plans and will strengthen ADNOC Gas’ position as a powerhouse in the global LNG market. Over the next five years, we plan to invest $15 billion in CAPEX in projects to capture opportunities from the forecast increase in domestic and global demand for the lower carbon gases we produce.”
The Ruwais LNG facility will expand ADNOC Gas’ current 6 mtpa LNG capacity from Das Island to over 15 mtpa, including two electrically powered liquefaction trains, each with a processing capacity of 4.8 mtpa. This will be the first of its kind in the Middle East and North Africa (MENA) region. The first train is expected to begin operations in the second half of 2028, with the second train following in early 2029. The facility’s output will provide enough LNG to power all homes in Greater London for more than two years.
Advanced digital technologies, including artificial intelligence, will be incorporated to enhance safety, reduce emissions, and increase operational efficiency.
In June, ADNOC made a Final Investment Decision (FID) on the Ruwais LNG project and awarded an Engineering, Procurement, and Construction (EPC) contract valued at over $5.5 billion. In July, ADNOC welcomed Mitsui & Co, Shell, bp and TotalEnergies as equity partners, with each holding a 10% stake.
