Al Nuaimi will replace the current CEO of Adnoc Gas, Ahmed Alebri, according to a statement by Adnoc Gas. Effective January 1, 2025, Alebri will take on the role
Adnoc Gas recently said it expects to splash about $5 billion to buy a 60 percent operating interest from its parent Adnoc in the Al Ruwais LNG export plant.
The LNG project will consist of two 4.8 mtpa trains with a total capacity of 9.6 mtpa, more than doubling Adnoc’s existing UAE LNG production capacity to around 15 mtpa, as the company builds its international LNG portfolio.
Adnoc currently owns a 70 percent stake in Adnoc LNG, that produces about 6 mtpa of LNG from its facilities on Das Island.
Earlier this year, Adnoc also said it will buy an 11.7 percent stake in the first phase of NextDecade’s Rio Grande LNG export terminal in Texas from Global Infrastructure Partners.
Adnoc and NextDecade also entered into a 20-year LNG offtake agreement for the fourth Rio Grande LNG train.
The acquisition marks Adnoc’s first strategic investment in the US.
Content Original Link:
" target="_blank">
