TotalEnergies and Shell enter talks for stakes in Adnoc LNG plant
Operations are expected to start at the Ruwais facility in 2028, and the companies currently in talks are reportedly also seeking contracts to buy liquefied natural gas (LNG) from it.
23 April 2024
23 April 2024
Operations are expected to start at the Ruwais facility in 2028, and the companies currently in talks are reportedly also seeking contracts to buy liquefied natural gas (LNG) from it.
The Portuguese energy major is willing to transfer project development control to the acquirer.
The announcement follows a previous agreement in January in which TotalEnergies agreed to buy OMV's 50% share in SapuraOMV.
Hengli Petrochemical operates a refinery and integrated chemicals complex in Liaoning Province, with a capacity of 400,000 barrels per day (bpd).
The field holds estimated recoverable resources of 3.1 million standard cubic metres of oil equivalent.
Renewed interest in fracking for gas in the Middle East is being driven by European hydrogen and energy security policy.
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