Malaysian NOC Petronas is interested in securing a stake at Adnoc’s planned 9.6mn t/y Ruwais LNG export terminal according to an informed source. Until recently, the firm had no presence in the UAE, but it picked up an unconventional oil exploration concession in Abu Dhabi last December (MEES, 9 December). The planned LNG terminal remains at early stages, with EPC contracts yet to be awarded. Earlier this month, Adnoc announced a $400mn award to Baker Hughes “for the supply of all-electric compression systems for the liquefaction of natural gas.”
Adnoc currently has existing LNG export facilities with 5.8mn t/y capacity. Adnoc has a 70% stake in the Das Island facilities alongside Mitsui (15%), BP (10%) and TotalEnergies (5%). Adnoc Gas this week announced a $500-700mn LNG Supply Agreement with Japan’s JERA, but provided no details over contractual volumes or the length of the deal. (CONTINUED - 144 WORDS)