ADNOC Signs 15-Year LNG Sales Agreement with Osaka Gas

The Abu Dhabi National Oil Company (ADNOC) has recently sealed a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Japan’s Osaka Gas, marking a significant milestone in their partnership.

Under the terms of the 15-year agreement, ADNOC will supply up to 0.8 million tonnes per annum (mtpa) of LNG from its lower-carbon Ruwais LNG project to Osaka Gas. The cargoes will be delivered to Osaka Gas and its subsidiary, Osaka Gas Energy Supply and Trading (OGEST), at designated ports.

Keiji Takemori, Executive Vice President of Osaka Gas, expressed his confidence in the agreement, stating, “ADNOC has been a reliable LNG supplier to Japan for nearly half a century. This new contract will help ensure a stable energy supply for our customers.”

This definitive agreement solidifies a previous heads of agreement signed in August 2024 and signifies the first long-term LNG sales deal between ADNOC and Osaka Gas.

Rashid Khalfan Al Mazrouei, ADNOC’s Senior Vice President of Marketing, emphasized the strategic importance of the partnership with Osaka Gas, stating, “This agreement reinforces our long-standing energy partnership with Japan and supports our global LNG expansion strategy. Through our Ruwais LNG project, we aim to provide more lower-carbon gas to meet increasing global demand.”

The Ruwais LNG project, located in Al Ruwais Industrial City, Abu Dhabi, is set to become operational in 2028. ADNOC Gas will acquire its parent company’s stake in the project, which is expected to significantly boost gas production capacity.

ADNOC’s Ruwais LNG project is designed to be one of the most environmentally friendly LNG export facilities in the Middle East and Africa region, operating on clean power and utilizing advanced technologies to minimize emissions.

With the majority of its production capacity already committed through long-term agreements with international buyers in Asia and Europe, including Petronas, SEFE, and EnBW Energie Baden-Württemberg, ADNOC is well-positioned to meet the growing demand for LNG.

In addition to the deal with Osaka Gas, ADNOC recently signed a supply agreement with JERA for gas from its Das Island liquefaction facility, further strengthening its presence in the Japanese market.