Shell, TotalEnergies, BP, Mitsui Join ADNOC's Mega LNG Project: Report
Portfolio Pulse from Lekha Gupta
Shell, TotalEnergies, BP, and Mitsui have been allocated a 40% stake in ADNOC's Ruwais LNG project, with each company receiving a 10% stake. The project is expected to significantly boost LNG trade between the Middle East and Asia and double the UAE's sea-borne fuel output by 2028.
July 05, 2024 | 5:27 pm
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POSITIVE IMPACT
BP has secured a 10% stake in ADNOC's Ruwais LNG project, which is expected to boost LNG trade between the Middle East and Asia and double UAE's sea-borne fuel output by 2028.
The allocation of a 10% stake in a major LNG project is likely to positively impact BP's stock in the short term due to the expected increase in LNG trade and output.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Shell has secured a 10% stake in ADNOC's Ruwais LNG project, which is expected to boost LNG trade between the Middle East and Asia and double UAE's sea-borne fuel output by 2028.
The allocation of a 10% stake in a major LNG project is likely to positively impact Shell's stock in the short term due to the expected increase in LNG trade and output.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
TotalEnergies has secured a 10% stake in ADNOC's Ruwais LNG project, which is expected to boost LNG trade between the Middle East and Asia and double UAE's sea-borne fuel output by 2028.
The allocation of a 10% stake in a major LNG project is likely to positively impact TotalEnergies' stock in the short term due to the expected increase in LNG trade and output.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100