His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and chairman of the Abu Dhabi executive council, recently chaired a meeting of the executive committee of the ADNOC board of directors.

During the meeting, His Highness endorsed the final investment decision for ADNOC’s lower-carbon intensity Ruwais liquefied natural gas project and approved an engineering, procurement, and construction contract for the project valued at approximately $5.5 billion (AED20.2 billion). Located in Al Ruwais Industrial City in the Al Dhafra region of Abu Dhabi, this project will be the first LNG export facility in the Middle East and North Africa region to run on clean power, establishing it as one of the world’s lowest-carbon intensity LNG plants.

His Highness highlighted that the project would strengthen ADNOC’s position as a reliable global natural gas supplier and accelerate the development of Al Ruwais Industrial City by attracting investments and enhancing the local industrial ecosystem. The project will procure highly specialised equipment and materials, with 55 percent of the EPC award value reinvested into the UAE’s economy under ADNOC’s In-Country Value programme. This initiative will stimulate economic and industrial growth and create skilled private-sector jobs for Emiratis.

During the meeting, His Highness praised ADNOC’s recent strategic acquisitions in major lower-carbon LNG projects in the United States and Mozambique. He was also briefed on growth projects across ADNOC’s value chain and directed the company to continue focusing on targeted growth both locally and internationally to meet increasing energy demand.

His Highness reviewed ADNOC’s strategy to further integrate artificial intelligence and technology across its business to generate greater value and deliver smarter, cleaner, and safer energy to the world. As part of this strategy, ADNOC is leveraging its portfolio of low-carbon energy to power AI growth while accelerating the integration and deployment of AI solutions across its value chain to unlock further value, reduce emissions, and enhance safety.

The EPC contract for the Ruwais LNG project was awarded to a joint venture led by Technip Energies, with JGC Corporation and NMDC Energy. The Ruwais LNG project will include two 4.8 mmtpa LNG liquefaction trains, totaling a capacity of 9.6 mmtpa, more than doubling ADNOC’s existing UAE LNG production capacity to around 15 mmtpa as the company expands its international LNG portfolio. The facility will leverage AI and the latest technologies to enhance safety, minimise emissions, and drive efficiency.

Other attendees at the meeting included H.E. Dr. Sultan Ahmed Al Jaber, minister of Industry and advanced technology and ADNOC managing director and group CEO; H.E. Suhail Mohamed Al Mazrouei, minister for energy and infrastructure; H.E. Khaldoon Khalifa Al Mubarak, managing director and group CEO of Mubadala Investment Company; and H.E. Jassem Mohammed Buatabah Al Zaabi, chairman of the Abu Dhabi department of finance.

For more information visit www.adnoc.ae

13th June 2024