ADNOC Signs Long-Term LNG Supply Agreement with Mitsui & Co.

Abu Dhabi National Oil Company (ADNOC) has inked a significant deal with Japan’s Mitsui & Co. for the supply of liquefied natural gas (LNG) from the Ruwais LNG project.

As part of the agreement, ADNOC will provide up to 0.6 million tonnes per annum (mtpa) to Mitsui over a period of 15 years. Mitsui is also a key partner in the Ruwais LNG project, joining forces with industry giants such as BP, Shell, and TotalEnergies.

This latest deal adds to the series of long-term LNG Sales and Purchase Agreements (SPAs) for the Ruwais LNG project, with previous agreements in place with companies like Osaka Gas, Petronas, EnBW, and SEFE.

ADNOC has emphasized that the Ruwais LNG project will set a new standard in the region by being the first LNG export facility in the Middle East and Africa to operate on clean power, thus positioning itself as one of the most environmentally friendly LNG plants globally. The project will leverage artificial intelligence and cutting-edge technologies to enhance safety, efficiency, and reduce emissions significantly.

Set to become operational in 2028, the Ruwais project will see ADNOC Gas acquiring its parent company’s stake in the venture, with expectations to more than double its gas output upon completion.