ADNOC Gas to Acquire 60% Stake in Ruwais LNG Project for $5 Billion

Strategic Acquisition to Expand LNG Footprint
ADNOC Gas has unveiled plans to acquire ADNOC’s 60% stake in the Ruwais LNG project, valued at approximately $5 billion. This acquisition, slated for completion by second half of 2028, is a key part of ADNOC Gas’s strategy to expand its presence in the global liquefied natural gas (LNG) market. ADNOC Gas, which currently oversees the construction, design, and marketing of the project, will assume full ownership of the stake in what is expected to be one of the region’s most advanced LNG facilities.

Ambitious Growth Plans and Future Investments
According to ADNOC Gas CEO Ahmed Mohamed Alebri, the acquisition is a central element of the company’s long-term growth ambitions. “This investment will strengthen ADNOC Gas’ position as a global leader in LNG production,” Alebri stated. Over the next five years, ADNOC Gas plans to invest $15 billion in capital expenditure (CAPEX) to capitalize on the growing demand for lower-carbon natural gases. The company expects the Ruwais LNG facility to become a significant driver in meeting both domestic and international energy needs.

Ruwais LNG Plant: A Technological and Environmental Benchmark
Once operational, the Ruwais LNG plant will increase ADNOC Gas’s total LNG production capacity 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 for the Middle East and North Africa (MENA) region. The facility is also expected to have one of the lowest carbon intensities of any LNG plant worldwide, 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 following in early 2029. ADNOC Gas has projected that the facility will produce enough LNG to meet the energy needs of Greater London’s households for over two years.

AI and Advanced Technologies for Enhanced Efficiency
The Ruwais LNG facility will also integrate artificial intelligence (AI) and other advanced digital technologies to improve operational safety, reduce emissions, and optimize efficiency. These innovations will ensure that the facility meets both environmental and operational performance targets, helping ADNOC Gas enhance its global competitiveness.

Key Partnerships and Long-Term Contracts
In July 2024, ADNOC was joined by Mitsui & Co., Shell, BP, and TotalEnergies as equity partners in the project, each taking a 10% stake. Additionally, in September, ADNOC finalized the first long-term sales and purchase agreement (SPA) for the Ruwais LNG project with SEFE Marketing and Trading Singapore, a subsidiary of Germany’s SEFE Securing Energy for Europe. This 15-year SPA, securing 1 mtpa of LNG, marks a significant step in the commercialization of the project, with shipments expected to begin in 2028.