ADNOC Gas plans $13bn investment for expansion
ADNOC Gas plans to expand its liquefied natural gas (LNG) export volumes and acquire the new Ruwais LNG plant.
02 April 2024
02 April 2024
ADNOC Gas plans to expand its liquefied natural gas (LNG) export volumes and acquire the new Ruwais LNG plant.
The country’s energy minister has emphasised the necessity for LNG production to depend on clean electricity.
SilverBow said this bid "substantially undervalues" the company.
The goal of the contract reviews with Woodside Energy, Kosmos Energy, and BP is to increase the state's income from these projects.
The Block B Project includes an upstream gas field and a connecting pipeline to a gas-fired power plant complex.
The stake will be acquired from ExxonMobil, which is looking to boost liquefied natural gas (LNG) production capacity.
The project involves the replacement of an existing gas lift riser and the installation of a new dynamic riser section and flowline.
The UK is behind other Western economies in its green spending, with a lack of infrastructure investment hampering net zero plans.
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