Shell and BP Among Big Firms Taking Stakes in Adnoc’s LNG Plant
- Shell, Total, BP and Mitsui will each take 10% stake
- Ruwais will raise the UAE’s export capacity to 15.4m tons/year
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Four international companies have agreed to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project, according to people with knowledge of the matter.
Shell Plc, TotalEnergies SE, BP Plc and Mitsui & Co. will each take a 10% stake in the Ruwais LNG plant, said the people, who asked not to be named as the information isn’t public. Agreements may be signed as soon as next week, the people said.