Construction Corporation and Nesma & Partners for a major expansion of the Fadhili gas plant in Eastern province. Aramco is also moving into the global LNG market with the acquisition of a minority stake in MidOcean Energy, and the signing of an LNG offtake agreement for the Port Arthur LNG Phase 2 expansion project. This is “a major step in Aramco’s strategy to become a leading global LNG player,” said Nasir K. Al-Naimi, Aramco Upstream president. In the UAE, ADNOC Gas is expanding the UAE’s gas pipeline network with the recent award of US$550mn worth of EPC contracts for the next phase of the ESTIDAMA project, the UAE sales gas pipeline network expansion. ADNOC’s Ruwais LNG project is making headway and is set to capitalise on increasing global LNG demand, forecast to rise by more than 50% by 2040, according to Shell’s LNG Outlook 2024. When complete, it will more than double ADNOC’s LNG production capacity to around 15mmtpa, as the company builds its international LNG portfolio. ADNOC has awarded an EPC contract worth around US$5.5bn to a Technip-led joint venture and is set to commence construction shortly, with LNG deliveries expected to start in 2028. ADNOC has already signed several new long-term LNG sales commitments with international partners. bp, Mitsui & Co, Shell and TotalEnergies have recently committed to take a 10% equity stake each in the project, which supports ADNOC’s efforts to build an integrated global gas business. n gas Aramco is expanding its Fadhili gas plant. ISSUE 5 2024 | oilreviewmiddleeast.com 14 Image Credit: Aramco ADNOC’s Ruwais LNG project is making headway.