Abu Dhabi National
Oil Company (ADNOC) has entered into a landmark long-term LNG Sale and Purchase
Agreement (SPA) with ENN Natural Gas, a major Chinese gas player. This SPA
represents the largest long - term LNG SPA between the UAE and a Chinese partner,
ushering in a new phase of collaboration between the two nations in the energy
sector.
Under the terms of
the 15 - year agreement, ADNOC will supply approximately 1 Mtpa of LNG to ENN,
primarily sourced from its under - construction Ruwais LNG project located in
Abu Dhabi’s Al Ruwais Industrial City. The Ruwais LNG project, set to commence
operations in 2028, is poised to become one of the lowest-carbon intensity LNG
plants globally, powered by clean energy and advanced AI-driven technology.
This project is integral to ADNOC’s strategy of expanding its global reach and
reinforcing its position as a reliable supplier of lower-carbon LNG.
The execution of this
SPA formalizes the Heads of Agreement (HOA) that was signed in December 2023,
marking the first long-term LNG HOA from the Ruwais LNG project. With up to 8 Mtpa
of its 9.6 Mtpa capacity already committed to customers worldwide, including
ENN, Ruwais LNG further solidifies ADNOC’s growing global footprint and its
commitment to meeting the growing demand for cleaner energy. According to
public information, Ruwais LNG has already secured contracts with seven buyers,
totaling 6 Mtpa, with five of them being Asian buyers and two European buyers.
In addition, ADNOC
has been actively strengthening its ties with the Chinese market. In April
2025, ADNOC opened a sales and marketing office in China, underscoring its
long-term commitment to building robust business relationships with the world’s
second-largest economy. This move reflects ADNOC’s recognition of China’s
pivotal role in its future market strategy and its determination to expand its
presence in the Asian market.
Longterm
Agreements Signed for Ruwais LNG Published by ADNOC
|
Buyer
|
Contract Duration(Y)
|
Contract type
|
Sign
|
Mtpa
|
EnBW
|
15
|
SPA
|
May-24
|
0.6
|
SEFE
|
15
|
SPA
|
Nov-24
|
1.0
|
PETRONAS
|
15
|
SPA
|
Dec-24
|
1.0
|
Osaka Gas Co., Ltd.
|
15
|
SPA
|
Feb-25
|
0.8
|
Mitsui & Co., Ltd.,
|
15
|
SPA
|
Apr-25
|
0.6
|
ENN Natural Gas
|
15
|
SPA
|
Apr-25
|
1.0
|
IndianOil
|
15
|
HOA
|
Sep-24
|
1.0
|
Total
|
6.0
|
Source: ADNOC, SCI
|