(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 10. Shell Overseas Holdings Limited, a subsidiary of Shell plc, has signed an agreement to invest in the Abu Dhabi National Oil Company's (ADNOC) Ruwais liquefied natural gas (LNG) project through a 10% participating interest, Trend reports.

"This investment decision builds on our long-standing partnership with ADNOC," said Shell CEO Wael Sawan. "Aligned with our strategy to create more value with fewer emissions, we are expanding our LNG capacity and growing our leading LNG portfolio with energy-efficient and carbon-competitive projects."

The Ruwais LNG project will feature two LNG liquefaction trains, each with a capacity of 4.8 million metric tonnes per annum (mmtpa), totaling 9.6 mmtpa. Shell, via its subsidiary Shell International Trading Middle East Limited FZE, has also agreed to offtake 1 mmtpa of LNG from the project. The facility will employ an electric-powered liquefaction system and utilize renewable power, reducing operational emissions compared to traditional gas-powered LNG facilities.

ADNOC will hold a majority 60% stake in the project and will lead as the developer and operator. Shell, BP, Mitsui, and TotalEnergies will each hold 10%.

ADNOC has awarded an engineering, procurement, and construction (EPC) contract to a Technip-led joint venture, with construction set to begin in Al Ruwais Industrial City, Abu Dhabi. LNG deliveries are expected to commence in 2028.

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