Adnoc Aims to Reach Investment Decision on New LNG Plant By June
- The move comes as exporters rush to capture market share
- Ruwais LNG project set to begin deliverires from 2028
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Abu Dhabi National Oil Co. is advancing plans for a new liquefied natural gas export project, making it the latest company looking to capture a share of the growing market later this decade.
Adnoc is preparing to reach a final investment decision on its Ruwais LNG project in the first half of 2024, according to people with knowledge of the plan. The company had previously said it wanted to begin exports from 2028.