Skip to content Skip to Search
Skip navigation

Dredging to start on Adnoc’s Ruwais LNG project

By Pramod Kumar
NMDC's contract with Adnoc for the Ruwais LNG project includes the removal of 15 million cubic metres of material across a five-kilometre channel NMDC Group
NMDC's contract with Adnoc for the Ruwais LNG project includes the removal of 15 million cubic metres of material across a five-kilometre channel

State-owned Abu Dhabi National Oil Company (Adnoc) has awarded a $200 million contract to Abu Dhabi-listed NMDC Group for marine dredging works on the Ruwais LNG project. 

The contract includes the removal of 15 million cubic metres of material across a 5-kilometre channel with a 245-metre width.  

In addition, the company will install navigational aids to ensure safe maritime access to the low-carbon LNG facility.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

In June, a consortium of Technip Energies and NMDC Energy, a subsidiary of NMDC Group, was awarded a $5.5 billion contract by Adnoc for the engineering, procurement, and construction of the LNG project.

The Ruwais facility will have two 4.8 million tonnes per year (mpta) LNG liquefaction trains, more than doubling Adnoc’s existing LNG output to 15 million mtpa.

The LNG export facility will be the first in the Middle East and North Africa region to run on clean power. It will also help Abu Dhabi become the second-largest LNG supplier after Qatar in the Middle East.

Wood Mackenzie, a data and analytics business based in Edinburgh, has predicted that the Middle East will spend up to $120 billion by 2030 to boost its natural gas production.

Latest articles

Saudi hotel llicences. Hajj pilgrims from Indonesia at a hotel in Mecca. Pilgrimages form a large part of Saudi Arabia's tourism goals

Saudi Arabia scraps hotel licence fees to draw investment

Saudi Arabia has removed licensing fees for hotels and resorts in a further effort to increase tourism and improve the kingdom’s investment environment.  The Ministry of Tourism and Ministry of Municipalities and Housing said they would ask hotel establishments to reapply for operating licences online. The decision applies to hotels, hotel apartments and residential resorts.  […]

Mubadala Getir New York

Mubadala applies to take full control of Turkey’s Getir

The Abu Dhabi sovereign wealth fund Mubadala has formally applied to take full control of the Turkish grocery delivery startup Getir. Mubadala had taken a majority controlling stake in the company in June this year as part of a restructuring programme, with a capital injection of $250 million. The filing to take over Getir was […]

PIF spending Yasir Al-Rumayyan

PIF spending to hit $70bn a year early, says IMF

Saudi Arabia’s Public Investment Fund will raise its annual spending to $70 billion in 2025, a year earlier than previously announced, according to an International Monetary Fund official.  PIF’s governor Yasir Al-Rumayyan told a Saudi investment summit in February that the sovereign wealth fund would increase its annual capital spending from around $50 billion a […]

Traders at the Saudi stock exchange. Fourth Milling will not receive any proceeds from the IPO, which will be distributed to the selling shareholders

Fourth Milling to launch retail IPO next month

The two-day retail tranche of the Fourth Milling Company’s (MC4) initial public offering (IPO) will begin on October 2. The company will sell 162 million shares, or 30 percent of its share capital, on the Saudi stock exchange, it said in its prospectus. The price range announcement and institutional book building will commence on September […]