ADNOC announced today, Wednesday, the signing of the main terms of a liquefied natural gas (LNG) agreement, which includes the supply of no less than one million tons annually of LNG for a period of 15 years with ENN LNG Singapore PTE, a wholly-owned subsidiary of ENN Natural Gas Limited, one of the largest private energy companies in China. Shipments will primarily be sent from ADNOC’s low-emission liquefied natural gas project in Ruwais, which is currently under development in the industrial city of Ruwais, Abu Dhabi. Exports are expected to commence once the commercial operations of the facility begin, projected in 2028.
Rashed Khalfan Al Mazrouei, ADNOC's Senior Vice President of Marketing, stated: "This agreement to supply LNG from the developing low-emission Ruwais LNG project enhances ADNOC's position as a trusted and responsible global energy provider and provides new opportunities for value creation across our gas value chain amidst rising demand for this vital resource, as we are making significant progress in advancing this strategic project while expanding our investments in low-carbon energy solutions to contribute to energy transition efforts and continue supporting our customers and partners."
The Ruwais LNG plant will be the first of its kind in the Middle East and North Africa region powered by electricity generated from clean energy sources, making it one of the lowest carbon-emitting LNG facilities in the world. The project is a key enabler for ADNOC's ambitious goal of achieving climate neutrality by 2045. Upon completion, the project will consist of two liquefaction trains, each with a production capacity of 4.8 million tons per year, totaling a capacity of 9.6 million tons annually, and will contribute to more than doubling ADNOC's targeted LNG production capacity to meet the growing global demand for this vital resource.
It is worth noting that the implementation of the agreement is contingent upon the final investment decision for the project, including obtaining regulatory approvals and the negotiations necessary to reach a final sales and purchase agreement between the two companies.
