ADNOC announced that it has entered into a Sales and Purchase Agreement (SPA) with Japan’s leading utility firm, Osaka Gas, to deliver up to 0.8 million tons per year (mtpa) of liquefied natural gas (LNG) from its Ruwais LNG project. The 15-year SPA converts an earlier agreed Heads of Agreement into a binding agreement, the first long-term LNG sales deal between ADNOC and Osaka Gas.
Ruwais LNG Project Central to ADNOC’s International Expansion
ADNOC’s lower-carbon Ruwais LNG project in Abu Dhabi will supply the LNG and come into commercial production in 2028. This is the fourth deal of the Ruwais LNG project that further establishes ADNOC’s international growth of LNG as well as ADNOC’s leadership position as a supplier of lower-carbon LNG. The 9.6 mtpa capacity Ruwais LNG project has already won commitments of 8 mtpa from global buyers.
Strengthening Ties Between ADNOC and Japan
Rashid Khalfan Al Mazrouei, ADNOC’s Senior Vice President of Marketing, said, “This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand our global LNG footprint. Through our world-class Ruwais LNG project, ADNOC will continue to provide more lower-carbon gas to meet growing global demand, fuel industries and power homes.”
The LNG cargoes under this new agreement will be shipped to Osaka Gas’s ports in Japan and its subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd. (OGEST) in Singapore.
Besides, the Ruwais LNG project is unique for being the Middle East and African continent’s first LNG export terminal to run on clean energy, becoming one of the world’s lowest-carbon intensity LNG plants. The project will also implement artificial intelligence and high-tech tools to enhance safety, efficiency, and reduce emissions to ensure that it is the industry leader in operational excellence.
In November 2024, ADNOC Gas revealed it was to acquire ADNOC’s 60% interest in the Ruwais LNG project for $5 billion. When completed, the deal will nearly double ADNOC Gas’s current LNG production capacity to 15 mtpa.
Also read: ADNOC Reaches Industry-Leading Carbon Intensity at Shah Field
ADNOC Gas’ Market Offering
In February 2025, ADNOC Gas increased liquidity and enhanced its shareholders’ base through the issuance of 3.1 billion shares to institutional investors. This act is in favor of ADNOC’s policy to prepare ADNOC Gas for inclusion into global indices such as the MSCI and FTSE.
