Abu Dhabi Crown Prince gives go ahead to ADNOC’s Ruwais LNG project
ADNOC (Abu Dhabi National Oil Company) has received a significant endorsement from Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan for its final investment decision on the Ruwais LNG project, along with approval for a nearly $5.5 billion engineering, procurement, and construction (EPC) contract.
Strategic Expansion and Economic Impact
In a move set to bolster ADNOC’s role as a pivotal global natural gas supplier, the Crown Prince has also sanctioned the award of the EPC contract to a consortium led by Technip Energies, with Japan’s JGC and UAE’s National Petroleum Construction Company (NPCC) as partners. This Ruwais liquefied natural gas project aims to enhance the development of Al Ruwais Industrial City, attracting further investments and improving the local industrial ecosystem.
Advancing Sustainability and Technology
The Ruwais LNG project, located in Al Ruwais Industrial City in Abu Dhabi’s Al Dhafra region, is poised to set a new standard in the industry. It will be the first LNG export facility in the Middle East and North Africa (MENA) region to operate on power from renewable and nuclear sources, positioning it among the world’s lowest-carbon LNG plants.
Innovations and Enhancements in LNG Production
The facility will feature two LNG liquefaction trains with a combined capacity of 9.6 million metric tons per annum (mmtpa), effectively more than doubling ADNOC’s LNG production capacity to approximately 15mmtpa. The project will leverage artificial intelligence (AI) and advanced technologies to boost safety, reduce emissions, and enhance operational efficiency. Notably, the use of electric-driven motors instead of conventional gas turbines marks a significant innovation in reducing the carbon footprint of LNG production.
Economic and Social Contributions
Importantly, 55% of the EPC contract’s value will reinvest into the UAE’s economy under ADNOC’s In-Country Value (ICV) program, promoting economic growth, industrial development, and skilled employment opportunities for Emiratis.
Technip Energies CEO Arnaud Pieton highlighted the project’s innovative approach, stating, “By powering electrified LNG trains with nuclear energy, this project sets a new standard for energy security and sustainability. By leveraging our low-carbon and electrified LNG leadership we will support ADNOC’s position as a reliable global natural gas supplier and commitment to decarbonization.”
The Ruwais LNG project not only underscores ADNOC’s commitment to sustainability and innovation but also promises to transform the local economy and set new environmental standards within the global energy sector.
Discover more from Business-News-Today.com
Subscribe to get the latest posts sent to your email.