UAE's ADNOC today, February 27, announced that it has signed a Sales and Purchase Agreement (SPA) with Osaka Gas, one of Japan’s largest natural gas distributon company, for the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its low-carbon Al Ruwais LNG project.
Publish dateThursday 27 February 2025 - 22:19
According to Amac News, the 15-year SPA converts an initial agreement into a definitive agreement and marks the first long-term LNG sales agreement between ADNOC and Osaka Gas.
The LNG will be supplied primarily from the Al Ruwais LNG project, which is being developed in Abu Dhabi’s Al Ruwais Industrial City, and is expected to commence commercial operations in 2028.
The SPA is the fourth agreement signed for the Al Ruwais LNG project, marking another milestone in ADNOC’s global LNG expansion strategy and strengthening the company’s position as a leading global supplier of low-carbon LNG.
Up to 8 mtpa of the Al Ruwais LNG project’s 9.6 mtpa capacity has been allocated to international buyers in Asia and Europe through long-term agreements.
Under the agreement, LNG cargoes will be shipped to the destination ports of Osaka Gas and its Singapore-based affiliate, Osaka Gas Energy Supply & Trading Pte. Ltd. (OGEST).
“ADNOC has been a reliable LNG supplier to Japan for nearly half a century. This new agreement with such a reliable LNG supplier will help ensure a stable energy supply for our customers,” said Keiji Takemori, Executive Vice President of Osaka Gas.
The Al Ruwais LNG plant will be the first LNG export facility in the Middle East and Africa region to be powered by clean energy and is one of the world’s lowest carbon-intensive facilities. The facility will use artificial intelligence and the latest technologies to improve safety and efficiency, reduce greenhouse gas emissions and achieve operational excellence.
The LNG will be supplied primarily from the Al Ruwais LNG project, which is being developed in Abu Dhabi’s Al Ruwais Industrial City, and is expected to commence commercial operations in 2028.
The SPA is the fourth agreement signed for the Al Ruwais LNG project, marking another milestone in ADNOC’s global LNG expansion strategy and strengthening the company’s position as a leading global supplier of low-carbon LNG.
Up to 8 mtpa of the Al Ruwais LNG project’s 9.6 mtpa capacity has been allocated to international buyers in Asia and Europe through long-term agreements.
Under the agreement, LNG cargoes will be shipped to the destination ports of Osaka Gas and its Singapore-based affiliate, Osaka Gas Energy Supply & Trading Pte. Ltd. (OGEST).
“ADNOC has been a reliable LNG supplier to Japan for nearly half a century. This new agreement with such a reliable LNG supplier will help ensure a stable energy supply for our customers,” said Keiji Takemori, Executive Vice President of Osaka Gas.
The Al Ruwais LNG plant will be the first LNG export facility in the Middle East and Africa region to be powered by clean energy and is one of the world’s lowest carbon-intensive facilities. The facility will use artificial intelligence and the latest technologies to improve safety and efficiency, reduce greenhouse gas emissions and achieve operational excellence.
amacnews.com/vdca.wnek49nwygt14.html
Source : news agency wam
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