Strategic Acquisition to Boost ADNOC Gas’s LNG Footprint
ADNOC Gas has announced its plans to acquire ADNOC’s 60% stake in the Ruwais LNG project, valued at around $5 billion. This acquisition, set for completion by the second half of 2028, marks a major step in ADNOC Gas’s strategy to expand its position in the global liquefied natural gas (LNG) market. Currently overseeing the construction, design, and marketing of the project, ADNOC Gas will now assume full ownership of the stake in what promises to be one of the most advanced LNG facilities in the region.
Ambitious Growth Plans and Investment Strategy
ADNOC Gas CEO Ahmed Mohamed Alebri emphasized that this acquisition aligns with the company’s long-term growth ambitions. He stated, “This investment will strengthen ADNOC Gas’ position as a global leader in LNG production.” Over the next five years, ADNOC Gas plans to invest $15 billion in capital expenditure (CAPEX) to meet the rising demand for cleaner, lower-carbon natural gases. The Ruwais LNG facility will play a central role in fulfilling both domestic and international energy demands.
Ruwais LNG Plant: A Technological and Environmental Leader
The Ruwais LNG plant will significantly boost ADNOC Gas’s LNG production capacity, increasing from 6 million tonnes per annum (mtpa) at Das Island to over 15 mtpa. The plant will feature two electrically powered liquefaction trains, each with a capacity of 4.8 mtpa, making it a first in the Middle East and North Africa (MENA) region. The facility will also be one of the most environmentally friendly LNG plants globally, with some of the lowest carbon intensities in the industry, aligning with ADNOC Gas’s sustainability goals.
The first liquefaction train is expected to be completed in the second half of 2028, with the second train following in early 2029. ADNOC Gas has projected that the Ruwais facility will produce enough LNG to meet the energy needs of Greater London’s households for over two years.
Leveraging AI and Digital Technologies for Efficiency
The Ruwais LNG facility will integrate advanced technologies, including artificial intelligence (AI), to enhance operational safety, reduce emissions, and optimize efficiency. These digital innovations will help ADNOC Gas meet both environmental and operational targets while increasing global competitiveness.
Key Partnerships and Long-Term Sales Agreements
In July 2024, ADNOC welcomed Mitsui & Co., Shell, BP, and TotalEnergies as equity partners in the project, each taking a 10% stake. Additionally, in September 2024, ADNOC finalized a long-term sales and purchase agreement (SPA) for the Ruwais LNG project with SEFE Marketing and Trading Singapore, a subsidiary of SEFE Securing Energy for Europe. This 15-year agreement secures 1 mtpa of LNG, marking a significant milestone for the commercialization of the project, with shipments set to begin in 2028.
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