Name of Client : Adnoc Gas
Estimated Budget : $4,500,000,000
Contract Value : $5,500,000,000
Facility Type : LNG Terminal, Liquefied Natural Gas (LNG), Offsite & Storage Tanks
Field Type : Greenfield
Sector : Gas
Main Contractor : Technip Energies, JGC Corporation, NMDC Energy
Location : Ruwais, Abu Dhabi, UAE
Award Date : Q1 – 2024
BACKGROUND
Adnoc plans to develop a midstream/downstream facility located next to Fujairah Port initially. However, the project was relocated to Ruwais after a comprehensive evaluation of location options.
The project aims to construct a liquefied natural gas (LNG) export terminal that would have the capacity to process and ship up to 9.6 million tonnes per annum (mtpa) of LNG to crucial consumer markets of Pakistan, India, China, and other key markets in Asia like Japan and South Korea.
The proposed facility is anticipated to more than double the UAE’s current LNG production capacity.
The Ruwais LNG plant is set to be the first LNG export facility in the Middle East and Africa region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world.
The facility will leverage artificial intelligence and the latest technologies to enhance safety, minimise emissions and drive efficiency.
PROJECT SCOPE
The Ruwais LNG Export Terminal scope includes the construction of a facility capable of processing and shipping up to 9.6 million mtpa of LNG, featuring two mega LNG trains, multiple process units, storage tanks, and an export jetty for cargo loading, as well as LNG bunkering capabilities, utilities, and flare handling systems.
The project also incorporates designs for electric-powered rotary equipment and compressors, associated buildings, the construction of a 364-km, 52-inch pipeline, and marine dredging works.
PROJECT STATUS
As of March 2026, Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) are providing $689 million in co-financing to Mitsui & Co. for its participation in the Ruwais LNG Project in Abu Dhabi.
PROJECT FINANCE
Adnoc is the project client, and in early March 2023, it appointed its subsidiary Adnoc Gas to manage and execute the planned LNG export terminal project.
The project structure includes Shell, BP, TotalEnergies, and Mitsui (through its wholly owned subsidiary, MBK Investment Management) each holding a 10 per cent stake, while Adnoc retains a 60 per cent majority stake.
As of February 2025, Adnoc also holds an 86 per cent stake in Adnoc Gas. Furthermore, Adnoc Gas announced in November 2024 that it expects to acquire Adnoc’s 60 per cent stake in the Ruwais LNG project at cost in the second half of 2028.
PROJECT SCHEDULES
Project Announced : Q2 – 2020
Feasibility Study : Q4 – 2020
FEED ITB : Q1 – 2022
PMC ITB : Q1 – 2022
FEED : Q2 – 2022
PMC : Q2 – 2022
EPC ITB : Q1 – 2023
EP : Q1 – 2024
Construction : Q2 – 2024
Commissioning : Q3 – 2028
Completion : Q4 – 2028