Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Osaka Gas to supply up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the Ruwais LNG project. This 15-year contract consolidates the commercial relationship between the two companies and reinforces ADNOC’s global presence in the energy market.
ADNOC expands into the liquefied natural gas market
The LNG supplied under this agreement will come from the Ruwais LNG plant, located in the Al Ruwais Industrial City in Abu Dhabi. The facility, which is set to begin commercial operations in 2028, will be the first of its kind in the Middle East and Africa to operate on clean energy , significantly reducing its carbon footprint .
[post_relacionado]To date, ADNOC has committed 8 mtpa of the total 9.6 mtpa production capacity of the Ruwais LNG project to international buyers in Asia and Europe. This agreement with Osaka Gas adds to other long-term contracts signed with companies such as EnBW, Petronas and SEFE Marketing & Trading.
Strategic alliance between ADNOC and Osaka Gas
Rashid Khalfan Al Mazrouei, Senior Vice President Marketing at ADNOC, said the agreement strengthens the energy relationship with Japan and supports ADNOC’s global expansion strategy in the LNG sector.
Through our world-class Ruwais LNG project, ADNOC will continue to provide more low-carbon gas to meet growing global demand, fuel industries and energy households.
he stated.
Keiji Takemori, Executive Vice President of Osaka Gas, stressed the historical significance of the relationship between Abu Dhabi and Osaka, which dates back to 1970.
ADNOC has been a reliable LNG supplier to Japan for almost half a century. This new contract, with such a reliable LNG supplier, will help ensure a stable energy supply for our customers.
noted.
About Ruwais LNG Plant
The Ruwais LNG plant will implement artificial intelligence and advanced technologies to optimise safety and operational efficiency, while minimising carbon emissions. With two liquefaction trains of 4.8 mtpa each, the facility will more than double the LNG production capacity currently operated by ADNOC Gas, raising it to 15 mtpa.
In November 2024, ADNOC Gas announced that it will acquire ADNOC’s 60% stake in the Ruwais LNG project for an estimated cost of $5 billion. This investment is part of ADNOC’s broader strategy to diversify its shareholder base and increase liquidity in international markets.
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Source and internal photo: ADNOC
Main photo: shutterstock