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Shell, TotalEnergies, BP, Mitsui Join ADNOC's Mega LNG Project: Report
United Arab Emirates’ state-owned oil company Abu Dhabi National Oil Company (ADNOC) has reportedly allocated a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy giants, including Shell plc (NYSE:SHEL), TotalEnergies SE (NYSE:TTE), BP plc (NYSE:BP), and Japan’s Mitsui (OTC:MITSF).
Each of the four companies is anticipated to receive a 10% stake in the project, reported Reuters.
The project, which received its final investment decision in June, ...