ADNOC signs LNG sales and purchase agreement

• ADNOC signed a 15-year LNG supply deal with Osaka Gas sourced from Ruwais LNG 
• Delivery is up to 0.8 million tonnes/year of LNG

ADNOC signed a deal to supply Osaka Gas with up to 0.8 million tonnes/year (tpy) of LNG.

The LNG will primarily be sourced from the Ruwais LNG project, which is under development in Al Ruwais Industrial City, Abu Dhabi, and scheduled to start commercial operations in 2028. 

Under the agreement, LNG cargoes will be shipped to the destination ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd. (OGEST).

The 15-year supply and purchase agreement (SPA) converts the previous heads of agreement into a definitive agreement and marks the first long-term LNG sales agreement between ADNOC and Osaka Gas.

The SPA is the fourth signed for Ruwais LNG. To date, up to 8 million tpy of the Ruwais LNG project’s 9.6 million tpy production capacity has been committed to international buyers across Asia and Europe through long-term arrangements.

Ruwais LNG will be the first LNG export plant in the Middle East and Africa region to operate on clean power, making it one of the lowest-carbon intensity LNG plants in the world, according to ADNOC.