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UAE’s Adnoc awards EPC contracts for US$45bn refinery project
13 June 2024
In May, the United Arab Emirates’ Abu Dhabi National Oil Company (Adnoc), announced a five-year, US$45-billion investment into an expansion project to build the ‘single-largest integrated refinery and petrochemicals complex in the world’, and winners of initial engineering, procurement, and construction (EPC) contracts worth more than $5 billion were just revealed on 12 June.
A liquefied natural gas (LNG) storage tank. (Image: Adobe Stock)
The state-owned oil company valued the contracts at $5.5 billion for the Ruwais project, which seeks to expand an existing gas refinery in Al Ruwais Industrial City, about 238km west of Abu Dhabi, UAE.
Adnoc said it awarded the EPC contracts to a joint venture (JV) led by France-based Technip Energies along with Japan-based JGC Corporation and the UAE-based NMDC Group.
The scheme seeks to install two new liquefaction trains used to make liquefied natural gas (LNG).
Adnoc using nuclear-powered energy for LNG plant
The JV said the new trains will use electric-driven motors powered by nuclear energy instead of conventional gas turbines.
Arnaud Pieton, CEO of Technip Energies, commented, “By powering electrified LNG trains with nuclear energy, this project sets a new standard for energy security and sustainability. By leveraging our low-carbon and electrified LNG leadership we will support Adnoc’s position as a reliable global natural gas supplier and commitment to decarbonization.”
“The plant is set to be the first LNG export facility in the Middle East and North Africa (MENA) region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world,” said the JV.
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