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Market Chatter: Shell, TotalEnergies in Talks to Buy Stakes in Abu Dhabi National Oil LNG Plant
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Market Chatter: Shell, TotalEnergies in Talks to Buy Stakes in Abu Dhabi National Oil LNG Plant
Apr 23, 2024 5:00 AM

07:37 AM EDT, 04/23/2024 (MT Newswires) -- Shell (SHEL) and TotalEnergies SE ( TTE ) are among a number of energy companies in talks to buy stakes in Abu Dhabi National Oil Co.'s next liquefied natural gas export project in the United Arab Emirates, Bloomberg reported, citing people with knowledge of the matter.

The two global energy companies, along with Japan's Mitsui & Co., are seeking equity in the Ruwais facility, as well as contracts to buy LNG from it, according to the people. A final decision on the project could occur as soon as next month, said the people, who asked not to be named because the information is private, Bloomberg reported.

(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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