Mitsui to join with ADNOC and others in LNG project in UAE, Nikkei reports

Total Energy Services

23/04/2024 07:26

TOKYO, April 23 (Reuters) - Japan's Mitsui & Co  8031.T 
plans to participate in a $7 billion liquefied natural gas (LNG)
project in the United Arab Emirates, teaming up with Abu Dhabi
National Oil Company (ADNOC) and others, the Nikkei reported on
Tuesday.
    ADNOC will participate with a stake of around 60% and Mitsui
with 10% of the project, the Nikkei said, adding Mitsui's
investment is estimated to be several tens of billions of yen.
    Other oil majors Shell, BP and Total Energies are also
expected to invest, the report said.
    The companies aim to produce about 10 million metric tons of
LNG per year, the report said.

 (Reporting by Mariko Katsumura; Editing by Christian
Schmollinger)
 ((Mariko.Katsumura@thomsonreuters.com;))