26 June 2024
Deals wrap: ADNOC, Aramco's LNG strides, Ukraine boosts energy security, Nigeria advances FLNG
Publication date: 14 June 2024
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Middle Eastern 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:
Ukraine eyes US LNG via 20-year agreement with Venture Global, DTEK [1]
Aramco signs 20-year deal for LNG from NextDecade’s Rio Grande project [2]
ADNOC takes FID on Ruwais LNG plant [3]
NNPC and Golar LNG advance plans for FLNG facility offshore Niger Delta [4]
Noble announces takeover of rival drilling contractor Diamond Offshore [5]
TotalEnergies agrees 15-year green hydrogen supply deal with Air Products [6]
TotalEnergies sells its subsidiary in Brunei [7]
First Gen awards LNG supply contract to Tokyo Gas [8]
Wintershall Dea sells interest in Abu Dhabi's Ghasha Concession [9]
Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm [10]
Mercuria makes investment in US gas [11]
Wood to deliver 3-year engineering contract with TotalEnergies in Iraq [12]