Shell, BP and TotalEnergies to Invest in Major Adnoc LNG Plant, Bloomberg Reports
--European energy majors Shell, BP and TotalEnergies, along Japan's Mitsui, have agreed to buy a 10% stake each in Abu Dhabi National Oil Co.'s Ruwais liquefied natural-gas plant, Bloomberg reports, citing unnamed sources.
--Agreements could be signed as soon as next week, Bloomberg reports.
--The plant, with production capacity of 9.6 million metric tons a year, will boost the United Arab Emirates' export capacity significantly as the country pushes into global LNG markets, Bloomberg reports.
--BP, Shell and TotalEnergies declined to comment, while Mitsui and Adnoc didn't immediately reply to a request for comment by Dow Jones Newswires.
Full story: https://tinyurl.com/mrxz8rc9
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 05, 2024 05:40 ET (09:40 GMT)
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