Middle Eastern energy supermajors took strategic steps in the LNG sector this week, with the UAE's ADNOC taking final investment decision on its 9.6 mpta capacity Ruwais LNG facility after awarding a USD 5.5 billion engineering, procurement and construction contract to a joint venture comprising Technip Energies, JGC Corporation and NMDC Energy.
In neighbouring Saudi Arabia, Aramco signed a non-binding heads of agreement deal with NextDecade for a 20 year-offtake of LNG from its Rio Grande, currently under construction, in Texas.
Meanwhile in Europe, the impact of Russia's 2022 invasion of Ukraine continued to reverberate. On Thursday, Ukraine signed its first liquefied LNG with US company, Venture Global, for 2 mpta of LNG for 20 years. The deal will help safeguard Ukraine against an energy squeeze after it refused to extend a deal to transport Russia's Gazprom pipeline gas to Europe.
Here's a look at the top deals this week:
NNPC and Golar LNG advance plans for FLNG facility offshore Niger Delta
Noble announces takeover of rival drilling contractor Diamond Offshore
TotalEnergies agrees 15-year green hydrogen supply deal with Air Products
TotalEnergies sells its subsidiary in Brunei
First Gen awards LNG supply contract to Tokyo Gas
Wintershall Dea sells interest in Abu Dhabi's Ghasha Concession
Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm
Mercuria makes investment in US gas
Wood to deliver 3-year engineering contract with TotalEnergies in Iraq
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