ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

Tuesday, August 6, 2024

Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with Osaka Gas for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) from the Ruwais LNG project.

The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi, and is expected 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 (OGEST).

The agreement with Osaka Gas is one of several long-term LNG sales commitments ADNOC has signed with international partners for Ruwais LNG, which take the long-term sales commitments to 70% of the project’s total production capacity.

The Ruwais LNG plant is set to be the first LNG export facility in the Middle East and Africa region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world.

The facility will leverage artificial intelligence and the latest technologies to enhance safety, minimize emissions and drive efficiency.

The Ruwais LNG project will consist of two 4.8mmtpa LNG liquefaction trains with a total capacity of 9.6mmtpa, more than doubling ADNOC’s existing UAE LNG production capacity to around 15mmtpa, as the company builds its international LNG portfolio.

To remind, in July 2024, Shell, BP, Mitsui and TotalEnergies have agreed to each take a 10% participating interest in the ADNOC’s Ruwais project.



“Osaka Gas is delighted to secure LNG from ADNOC, a reliable and responsible global energy supplier. This agreement will significantly enhance the stability of Osaka Gas’ LNG procurement. It will also strengthen the foundation of our stable energy supply to customers, transition to lower carbon energy, and acceleration towards our net zero target,” said Keiji Takemori, Osaka Gas Executive Vice President.

Categories: LNG Middle East Industry News Activity Asia Oil and Gas

Related Stories

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

CNOOC Makes Major Oil and Gas Discovery in South China Sea

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Shell Hires Noble’s Drillship for Work in Southeast Asia

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Initial Drilling Results Raise Questions on South Korea’s Offshore Gas Viability

Japan's Mitsui Eyes Alaska LNG Project

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

US Operator Finds Oil Offshore Vietnam

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com