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Japan's Mitsui & Co said on Tuesday nothing has been decided on a liquefied natural gas (LNG) project in the United Arab Emirates, after the Nikkei reported it was teaming up with Abu Dhabi National Oil Company (ADNOC) on it.
Through the Ruwais LNG project, Adnoc intends to more than double its LNG production capacity to meet increased global demand for natural gas. [Image: Adnoc]
Gas processing company ADNOC Gas has signed a 14-year liquified natural gas (LNG) supply agreement with Indian Oil Corporation, valued in the range of $7bn-$9bn.
The company was planning to develop its second facility at Fujairah.