In an announcement posted on its web site just lately, ADNOC introduced that it has signed a gross sales and buy settlement (SPA) with Osaka Gasoline for the availability of as much as 0.8 million tons every year of liquefied pure gasoline (LNG).
ADNOC famous in its assertion that the 15-year SPA converts a earlier heads of settlement right into a definitive settlement and highlighted that the deal marks the primary long-term LNG gross sales settlement between the businesses.
The LNG might be primarily sourced from the Ruwais LNG undertaking, which is beneath growth in Al Ruwais Industrial Metropolis, Abu Dhabi, and is scheduled to begin industrial operations in 2028, ADNOC stated within the assertion, noting that the SPA is the fourth signed for Ruwais LNG.
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As much as eight million tons every year of the Ruwais LNG undertaking’s 9.6 million tons every year manufacturing capability has been dedicated to worldwide patrons throughout Asia and Europe via long-term preparations, in keeping with the assertion, which famous that the Ruwais LNG plant would be the first LNG export facility within the Center East and Africa area to function on clear energy.
“This settlement with Osaka Gasoline reinforces our long-standing vitality partnership with Japan and helps our technique to develop our world LNG footprint,” Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Advertising and marketing, stated within the assertion.
“By our world-class Ruwais LNG undertaking, ADNOC will proceed to supply extra lower-carbon gasoline to satisfy rising world demand, gasoline industries and energy houses,” Al Mazrouei added.
Keiji Takemori, Osaka Gasoline Govt Vice President, stated within the assertion, “the connection between Abu Dhabi and our residence base Osaka dates again to 1970, marked by the opening of the Abu Dhabi Pavilion on the Expo’70 in Osaka”.
“This yr, Osaka as soon as once more hosts the World Expo, and we’re delighted to announce the signing of a long-term LNG sale and buy settlement with ADNOC on this landmark yr,” Takemori added.
“ADNOC has been a dependable LNG provider to Japan for almost half a century. This new contract, with such a trusted LNG supplier, will assist guarantee a steady vitality provide for our prospects,” Takemori continued.
Rigzone requested ADNOC for the worth of the SPA. In response, an organization spokesperson instructed Rigzone that the corporate “doesn’t touch upon industrial issues”.
In an announcement posted on its web site in December 2024, ADNOC introduced that it had signed a SPA for the Ruwais LNG undertaking with Germany’s EnBW Energie Baden-Württemberg AG.
“The 15-year SPA for supplying 0.6 million tons every year of LNG converts a earlier heads of settlement between ADNOC and EnBW right into a definitive settlement,” ADNOC highlighted in that assertion.
In a separate assertion posted on its website in December final yr, ADNOC introduced that it had signed a SPA for the Ruwais LNG undertaking with Petronas.
“The 15-year SPA for supplying a million tons every year of LNG converts a earlier heads of settlement between ADNOC and Petronas right into a definitive settlement,” the corporate stated in that assertion.
In an announcement posted on its website in November 2024, ADNOC introduced “the signing of the primary long-term gross sales and buy settlement for the lower-carbon Ruwais liquefied pure gasoline undertaking”.
“The 15-year, a million tons every year SPA was signed with SEFE Advertising and marketing and Buying and selling Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Vitality for Europe GmbH,” it added.
In an announcement posted on its website again in January this yr, ADNOC Gasoline introduced the award of “three enabling contracts price $2.1 billion for an LNG pre-conditioning plant (LPP), compression amenities and transmission pipelines to provide feedstock to the Ruwais LNG undertaking”.
ADNOC Gasoline famous in that assertion that the LPP and compression amenities might be positioned inside ADNOC Gasoline’ Habshan 5 plant and stated the newly awarded transmission pipelines will join the Habshan Complicated with the Ruwais LNG facility.
In an announcement posted on its website in November 2024, ADNOC Gasoline stated it expects to accumulate ADNOC’s 60 % stake within the Ruwais LNG plant within the second half of 2028 at value. ADNOC Gasoline outlined within the assertion that that is “estimated to be round $5 billion”.
On behalf of the ADNOC Group, ADNOC Gasoline is managing the development and design of Ruwais LNG, ADNOC Gasoline famous in its November assertion.
“It has at all times been our intention to accumulate ADNOC’s 60 % stake in Ruwais LNG,” Ahmed Mohamed Alebri, CEO of ADNOC Gasoline, stated within the firm’s November assertion.
“This funding is a central element of our bold worldwide progress plans and can strengthen ADNOC Gasoline’ place as a powerhouse within the world LNG market,” Alebri added.
“Over the subsequent 5 years we plan to speculate $15 billion in CAPEX in initiatives which is able to allow us to seize alternatives from the forecast improve in home and world demand for the decrease carbon gases we produce,” Alebri continued.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
