07:10 AM EDT, 07/05/2024 (MT Newswires) -- Shell (SHEL), BP (BP), TotalEnergies (TTE), and Mitsui will invest in Abu Dhabi National Oil's next liquefied natural gas export project, Bloomberg reported Friday, citing people familiar with the matter.

The international oil majors will each hold a 10% stake in the Ruwais LNG plant in an agreement that may be signed as early as next week, Bloomberg reported, citing unnamed sources.

Adnoc and Shell declined to comment. BP, Total, and Mitsui did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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