The global energy market is witnessing a heated struggle between major international companies, such as Shell, Total Energy, and Mitsui of Japan. In order to obtain shares in the “Ruwais” project to export liquefied natural gas, which is being built by the “Abu Dhabi National Oil Company” (ADNOC) in the United Arab Emirates.

According to informed sources, these companies are seeking to obtain shares in the facility, in addition to contracts to purchase liquefied natural gas produced from it. The final investment decision on the project is expected to be made within the next month.

This trend by international energy companies is a strong indicator of the growing confidence in the capabilities of the “Ruwais” project to export liquefied natural gas, as the United Arab Emirates enjoys a strategic location that makes it an ideal gateway for exporting liquefied natural gas to global markets, in addition to global confidence in its capabilities, especially with the increase in Demand for this clean fuel.

ADNOC is one of the largest oil and gas companies in the world, and has extensive experience in the field of liquefied natural gas exports.

Although ADNOC does not need investments from energy companies to move the project forward, selling shares in Ruwais may contribute to enhancing the project’s capacity and attracting more investments.