Mitsui says no decision yet on ADNOC LNG project tie-up after Nikkei report
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Mitsui & Co has stated that no decision has been made regarding a liquefied natural gas (LNG) project in the United Arab Emirates, following a report that it was partnering with Abu Dhabi National Oil Company (ADNOC) on the project. ADNOC is expected to hold a 60% stake and Mitsui 10% in the $7 billion project. Other oil majors including Shell, BP, and TotalEnergies are also expected to invest. The Ruwais LNG project aims to help ADNOC double its LNG production capacity.
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