ADNOC signs contract to supply Petronas with liquefied natural gas



ADNOC said in a statement on its website that under the new agreement, the agreement on the main terms previously announced to be signed between the two parties has turned into a “binding agreement”.

According to the agreement, gas will mainly be supplied from Ruvais project For liquefied natural gas, currently under development at Ruwais Industrial City in Abu Dhabi.

Gas deliveries are expected to begin in 2028 after the project begins commercial operation that same year.

The announcement states that so far more than eight million tons per year have been sold to international buyers on the basis of long-term contracts.

According to ADNOC’s statement, the agreement with “Petronas“It is the second long-term gas purchase agreement for the supply of gas from the Ruwais liquefied natural gas project, as a similar agreement was previously signed last month with Sevi Trading and Marketing Company Singapore – PTI Limited, a subsidiary of Sevi.” To provide energy for Europe” German GmbH.

On this occasion, Fatima Al Nuaimi, Executive Vice President of Gas Processing, Refining and Petrochemicals at ADNOC, said in a statement today: “Natural gas plays an important role in meeting the world’s energy needs, and we are proud of our partnership with Petronas through this an important gas supply agreement.” “This achievement confirms ADNOC’s role as a trusted global energy supplier and supporter of Asia’s growing demand for cleaner and more sustainable energy solutions.”

In November this year, ADNOC Gas announced its intention to buy ADNOC’s 60 percent stake in the Ruwais LNG project at a cost price estimated at 18 billion dirhams in the second half of 2028. Once the deal is completed, the project will contribute from through two lines to liquefied natural gas, each with a capacity of 4.8 million metric tons per year and a total capacity of 9.6 million metric tons per year, increasing The company’s capacity to produce liquefied natural gas has more than doubled, reaching 15 million metric tons per year.

The Ruwais project is the first clean energy LNG export project in the Middle East and North Africa, making it one of the lowest carbon intensive LNG facilities in the world. The project will use artificial intelligence mechanisms and the latest technologies to improve safety, reduce emissions and increase efficiency.





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