ADNOC Secures 15-Year, 1 mtpa Sales and Purchase Agreement for Ruwais LNG Project

• Agreement with Germany’s SEFE converts erstwhile Heads of Agreement into a binding statement and reinforces ADNOC’s relation arsenic a reliable planetary supplier of earthy gas
• Over 7 mtpa of Ruwais LNG project’s accumulation capableness has been committed to planetary customers done semipermanent agreements
• SPA builds connected the UAE-Germany Energy Security and Industry Accelerator which aims to beforehand practice successful vigor information and lower-carbon fuels

ADNOC announced contiguous astatine ADIPEC the signing of the archetypal semipermanent Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied earthy state (LNG) project, which is presently nether improvement successful Al Ruwais Industrial City, Abu Dhabi. The SPA converts the erstwhile Heads of Agreement betwixt ADNOC and SEFE announced successful March into a definitive agreement.

The 15-year, 1 cardinal tonnes per annum (mtpa) SPA was signed with SEFE Marketing and Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH. The LNG volition chiefly beryllium sourced from the Ruwais LNG project, with deliveries expected to commencement successful 2028 upon commencement of its commercialized operations.

To date, implicit 7 mtpa of Ruwais LNG project’s accumulation capableness has been committed to planetary customers done semipermanent agreements. 

Fatema Al Nuaimi, Executive Vice President, Downstream Business Management astatine ADNOC, said: “Natural state accounts for implicit a 4th of Germany’s vigor proviso and we are precise pleased to enactment the country’s vigor information done this landmark statement with SEFE for the lower-carbon Ruwais LNG project. As earthy state request continues to increase, ADNOC is ensuring greater entree to lower-carbon state to powerfulness homes, substance industries and support radical connected, and we volition proceed to reenforce our relation arsenic a reliable planetary supplier of earthy gas.”

The SPA builds connected the UAE-Germany Energy Security and Industry Accelerator (ESIA) signed by the UAE and Germany successful 2022, which aims to beforehand practice successful vigor security, decarbonization and lower-carbon fuels. 

Dr. Egbert Laege, Chief Executive Officer of SEFE, said: “This concern with ADNOC supports our efforts to responsibly diversify our vigor sources, heighten information of vigor proviso for Germany and Europe and to enactment our customers connected their decarbonization journey. Furthermore, it is an important measurement for SEFE’s ambition to thrust the vigor modulation and go a European vigor large successful the low-carbon economy.”

The Ruwais LNG works is acceptable to beryllium the archetypal LNG export installation successful the Middle East and Africa portion to tally connected cleanable power, making it 1 of the lowest-carbon strength LNG plants successful the world.

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