BP International Limited, MBK Investment Management Netherlands B.V., Shell International B.V. and a unknown subsidiary of TotalEnergies SE signed an agreement to acquire 40% stake in Ruwais LNG Project from Abu Dhabi National Oil Company.

BP International Limited, MBK Investment Management Netherlands B.V., Shell International B.V. and a unknown subsidiary of TotalEnergies SE (ENXTPA:TTE) signed an agreement to acquire 40% stake in Ruwais LNG Project from Abu Dhabi National Oil Company on July 10, 2024. Upon Completion ADNOC will hold a majority 60% share in the project and serve as the lead developer and operator of the facility, while Shell, BP, Mitsui and TotalEnergies will each hold 10%. The agreement was signed by His Excellency Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director and Group Chief executive officer, Murray Auchincloss, Chief executive officer of bp; Kenichi Hori, President and Chief executive officer of Mitsui & Co.; Wael Sawan,Chief executive officer of Shell; and Patrick Pouyanné, Chairman and Chief executive officer of TotalEnergies.