Mitsui to join with ADNOC and others in LNG project in UAE, Nikkei reports 

Mitsui to join with ADNOC and others in LNG project in UAE, Nikkei reports 

TOKYO: Japan’s Mitsui & Co plans to participate in a $7 billion liquefied natural gas project in the UAE, teaming up with Abu Dhabi National Oil Co. and others, the Nikkei reported on Tuesday. 

ADNOC will participate with a stake of around 60 percent and Mitsui with 10 percent of the project, the Nikkei said, adding Mitsui’s investment is estimated to be several tens of billions of yen. 

Other oil majors Shell, BP and Total Energies are also expected to invest, the report said.  Mitsui to join with ADNOC and others in LNG project in UAE, Nikkei reports