Arab Finance: A consortium of Engineering for the Petroleum and Process Industries (ENPPI) and Petrojet has been awarded a $1.24 billion project from ADNOC Gas, according to a press release.
This is the largest of three contracts awarded by the Emirati company. The contracts include a $514 million deal awarded to the China Petroleum Pipeline Engineering Company and a $335 million contract assigned to Petrofac Emirates LLC.
The three contracts are worth $2.1 billion combined for a liquefied natural gas (LNG) pre-conditioning plant (LPP), compression facilities, and transmission pipelines to deliver feedstock to the Ruwais LNG Project.
The LPP and compression facilities are set to be located within Habshan 5 plant, affiliated with ADNOC Gas. The newly awarded transmission pipelines will connect the Habshan Complex with the Ruwais LNG facility.
Fatema Al Nuaimi, CEO of ADNOC Gas, said: “These contract awards reaffirm ADNOC Gas’ commitment to delivering sustainable growth and maximizing shareholder value.”
“We are investing in world-class infrastructure and innovative technologies as we expand our capacity in LNG liquefaction and strengthen our position as a global player,” the CEO added.