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

ADES Buys Two Jack-Ups from Vantage Drilling in $190M Deal

Santos Pens Mid-Term LNG Supply Deal

South Korea's SK Innovation Agrees Merger with SK E&S as Part of Overhaul

CIMC to Supply Hulls for Two FPSOs Being Built by Seatrium for Petrobras

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

Petronas Hires ABL for Rig Inspection Services in Indonesia

L&T Nets Pipeline Order from ONGC Worth Up to $300M

Valeura Stops Wassana Field Production in Gulf of Thailand

Bangladesh's Summit LNG Pauses FSRU Operations Due to Cyclone Damage

Aramco Acquires 40% stake in Gas & Oil Pakistan

Current News

Shelf Drilling to Consolidate Jack-Up Fleet and Resolve Funding Gaps via Triangular Merger

Saipem Nets $4B for Work at Qatar’s Giant Gas Field

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

Allseas Hooks $180M Pipeline Installation Job Offshore Philippines

CNOOC Ticks Another Milestone in Ultra-Deepwater Gas Exploration

ADES Buys Two Jack-Ups from Vantage Drilling in $190M Deal

Oil Loadings at Russia's Western Ports on the Rise

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

Santos Pens Mid-Term LNG Supply Deal

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