Hey Jimmy - the concierge in the UAE is busting his gut!Adnoc...

Hey Jimmy - the concierge in the UAE is busting his gut!

Adnoc greenlights $5.5bn LNG terminal

Abu Dhabi National Oil Company has given the green light to start work on a major liquefied natural gas export terminal, as the company looks to tap into the growing market for the super-chilled fuel.

The new project will more than double the LNG export capacity of the United Arab Emirates to 15mn tonnes a year. Adnoc said it had awarded an engineering, procurement and construction contract for the project worth $5.5bn to a joint venture between France’s Technip Energies, Japan’s JGC Holdings Corporation and UAE’s NMDC Energy.

The decision comes only weeks after Adnoc signed two overseas LNG deals. The state company sees gas and LNG, as well as renewable energy and petrochemicals, as its drivers of future growth.