French LNG player TotalEnergies has signed a strategic partnership agreement with UAE’s Abu Dhabi National Oil Co (Adnoc) to further boost cooperation in the energy sector, including in natural gas and carbon capture.
Under the deal, the two firms would explore opportunities to collaborate in areas of mutual interest including in gas growth, carbon capture utilization and storage (CCUS), and trading and product supply, according to a statement by Adnoc.
TotalEnergies said in a separate statement the duo would work on the development of oil and gas projects in the UAE to “ensure sustainable energy supply to the markets and contribute to global energy security.”
In addition, the includes supplying diesel from the UAE to France, the Paris-based energy giant said.
TotalEnergies currently collaborates with Adnoc across the full value chain, from offshore and onshore exploration, development and production of oil and gas, to gas processing and liquefaction, product marketing, and research and development, it said.
The French firm gas a 5 percent stake in Adnoc LNG, a joint venture in which Adnoc owns a 70 percent stake.
Adnoc LNG currently produces about 6 mtpa of LNG from its facilities on Das Island off the coast of Abu Dhabi.
Besides this terminal, Adnoc is also working on the second LNG export plant in Fujairah.
According to Adnoc, the Fujairah LNG terminal would have two 4.8 mtpa LNG trains, boosting the company’s LNG production capacity by 9.6 Mtpa, as it looks to respond to the growing global demand for natural gas.
This year, its unit Adnoc Logistics & Services placed orders for a total of five 175,000-cbm LNG carriers at China’s Jiangnan Shipyard.
