Abu Dhabi-listed NMDC Group announced that it has secured a contract worth over $200 million from the UAE state-owned Abu Dhabi National Oil Company (ADNOC) for marine dredging works at the Ruwais LNG Project in Al Ruwais Industrial City.
The contract involves the removal of approximately 15 million cubic metres of material along a 5-kilometre channel with a width of 245 metres. Additionally, NMDC Group will install navigational aids to ensure safe maritime access to the low-carbon LNG facility.
In June, a consortium comprising Technip Energies and NMDC Energy, a subsidiary of NMDC Group, was awarded a $5.5 billion contract by ADNOC for the engineering, procurement, and construction (EPC) of the LNG project.
The Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi, will be the first LNG export facility in the Middle East and Africa to operate on clean power. This low-carbon facility will harness AI, digitalisation, and advanced technology to enhance efficiency and safety across the plant.
Ruwais LNG will feature two liquefaction trains with a combined export capacity of 9.6 million metric tonnes per annum (mmtpa), more than doubling ADNOC’s LNG production output.
Earlier this year reports said that a consortium of global energy companies has acquired a combined 40 percent stake in the Ruwais project. bp, Mitsui & Co., Shell, and TotalEnergies will each hold a 10 percent stake in the Ruwais LNG plant. Additionally, the state-owned energy firm has signed multi-year LNG supply agreements with Shell and Mitsui to deliver 1 mtpa and 6 mtpa, respectively.
ADNOC also announced that it has secured buyers for 70 percent of the plant’s 9.6 million-tonne annual production capacity, though it did not specify whether these agreements are binding. The company has already signed supply deals with Germany’s EnBW, Japan Petroleum Exploration Company, TotalEnergies Gas and Power, and India Oil Corporation.
