ADNOC has entered a 15-year Sales and Purchase Agreement with Osaka Gas to supply up to 0.8 mtpa of LNG from its Ruwais LNG project, reinforcing their energy partnership and commitment to lower-carbon solutions.

Target Information

ADNOC (Abu Dhabi National Oil Company) has formally entered into a 15-year Sales and Purchase Agreement (SPA) with Osaka Gas, a leading utility provider from Japan. This strategic agreement entails the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) sourced from ADNOC’s innovative Ruwais LNG project. This deal converts a previously established Heads of Agreement into a definitive contract, marking the first long-term LNG sales agreement between ADNOC and Osaka Gas.

The Ruwais LNG project is currently under development in Abu Dhabi’s Al Ruwais Industrial City and is projected to begin commercial operations by 2028. With a total production capacity of 9.6 mtpa, the project has already committed 8 mtpa to various international buyers in Asia and Europe through long-term contracts, emphasizing ADNOC’s growing influence in the global LNG market.

Industry Overview in the UAE

The liquefied natural gas industry in the United Arab Emirates (UAE) is experiencing significant transformations, driven by national strategies aimed at expanding LNG production capabilities. As demand for cleaner energy sources grows globally, the UAE is s