Adnoc inks Ruwais LNG supply deal with China’s ENN

UAE’s Adnoc has signed a heads of agreement with a unit of Chinese independent gas distributor ENN to supply the latter with liquefied natural gas from its planned LNG terminal in Al Ruwais.

Under the deal, ENN LNG (Singapore), a unit of ENN Natural Gas, will buy 1 million metric tons per annum of LNG for a period of 15 years.

Adnoc said in a statement that the LNG supplies would primarily be sourced from its planned LNG terminal in Al Ruwais Industrial City, Abu Dhabi.

The deliveries are expected to start in 2028, upon commencement of the facility’s commercial operations.

This is the first Ruwais LNG supply agreement.

Adnoc said the deal is contingent upon a final investment decision (FID) on the project, including regulatory approvals, and the negotiation of a definitive sale and purchase agreement between the two companies.

Rashid Khalfan Al Mazrouei, Adnoc’s senior VP, marketing, said this this is a “landmark” LNG agreement from the company’s ongoing Ruwais LNG project.

“We are making excellent progress in delivering this strategic project as we grow our portfolio of lower-carbon energy solutions,” he said.

Second LNG terminal

Earlier this year, Adnoc announced it will build its second LNG terminal in Al Ruwais.

The firm previously planned to construct the facility in Fujairah.

Adnoc Gas, the gas and LNG unit of Adnoc, also awarded US energy services firm Baker Hughes a contract for the planned LNG export terminal.

Adnoc recently also said it is “advancing towards” a final investment decision to build the LNG terminal.

When completed, the project, which consists of two 4.8 mtpa LNG liquefaction trains with a total capacity of 9.6 mtpa, will more than double Adnoc’s LNG production capacity.

Adnoc owns a 70 percent stake in Adnoc LNG, that currently produces about 6 mtpa of LNG from its facilities on Das Island.

Most Popular

Venture Global files for IPO, plans to boost LNG export capacity to 104 mtpa

According to an SEC filing, Venture Global plans to list its Class A common shares under the symbol "VG"...

UAE’s Adnoc, Thailand’s Gulf ink LNG supply deal

State-owned Adnoc said on Monday that Adnoc Trading's LNG desk has recently signed a supply agreement with Thaliand's Gulf...

Golar takes full ownership of FLNG Hilli

Golar announced on Monday it had acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG, which...

More News Like This

UAE’s Adnoc, Thailand’s Gulf ink LNG supply deal

State-owned Adnoc said on Monday that Adnoc Trading's LNG desk has recently signed a supply agreement with Thaliand's Gulf...

Adnoc Gas appoints Fatema Al Nuaimi as new CEO

Al Nuaimi will replace the current CEO of Adnoc Gas, Ahmed Alebri, according to a statement by Adnoc Gas. Effective...

UAE’s Adnoc, Germany’s EnBW finalize LNG supply deal

EnBW said on Monday the SPA converts the previous heads of agreement between the two firms into a definitive...

BP and Adnoc launch new Egyptian JV

Announced in February 2024, Arcius Energy is 51 percent owned by BP and 49 percent by XRG, Adnoc's investment...