State-owned Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth $5.5 billion to build its Ruwais project which will more than double the United Arab Emirates' liquefied natural gas (LNG) output, the Abu Dhabi Media Office said on Wednesday, Reuters reported.
ADNOC, which also received the final investment decision for
the project on Wednesday, awarded the engineering, procurement and construction
(EPC) contracts to a joint venture led by France's Technip Energies with
Japan's JGC Corporation and the UAE's NMDC Group, the government media office
said.
Some work had already begun on the plant, as the joint
venture was given a "limited notice to proceed" in March. ADNOC,
which expects to produce about 9.6 million metric tons per annum (mtpa) of LNG
from the project, has also signed three supply agreements for its eventual
output.
Supply deals for LNG from Ruwais, expected to be operational
by late 2028, were signed with Germany's EnBW and Securing Energy for Europe
(SEFE), as well as China's ENN Natural Gas.
ADNOC last year said the project would proceed in Al Ruwais
Industrial City in Abu Dhabi's Al Dhafra region, west of the capital city, and
not in the emirate of Fujairah as had been planned. The company said at the
time the proximity to ADNOC's current operations and future growth projects, as
well as its local supplier base, were all important factors in the decision.