ADNOC has signed a 15-year liquefied natural gas (LNG) sales and purchase agreement with Malaysia’s Petronas, marking its second offtake deal for the Ruwais LNG project in Abu Dhabi.
Under the terms of the deal, ADNOC will supply Petronas with one million tonnes per annum (mtpa) of LNG, with deliveries expected to start in 2028. The news builds on a previously signed Heads of Agreement between the two companies.
Fatema Al Nuaimi, Executive Vice-President, Downstream Business Management at ADNOC, welcomed the news, adding that ADNOC is proud to partner with Petronas.
“This milestone further underscores ADNOC’s role as a reliable global energy supplier and supports growing demand in Asia for cleaner, more sustainable energy solutions.”
Launched in June (2024), Ruwais LNG will be comprised of two liquefaction trains and will have a total capacity of 9.6 million tonnes per annum. Start-up is scheduled for the second half of 2028.
ADNOC is the majority stakeholder of Ruwais LNG with a 60% stake. TotalEnergies, Shell, Mitsui, and bp make up the remaining 40%, with a 10% stake each.
Read more: Shell, TotalEnergies, Mitsui, bp acquire 10% stakes in Ruwais LNG
Shamsairi Ibrahim, Vice-President of LNG Marketing and Trading at Petronas, said that its agreement with ADNOC strengthens its business in the UAE, complementing upstream activities.
“This collaboration bolsters our LNG portfolio with a reliable supply of lower-carbon energy to meet Malaysia’s domestic demand, enhance security of supply for our customers, and foster deeper government-to-government collaboration whilst enabling sustainable development and providing solutions for the energy transition.”
The Ruwais LNG plant is believed to be the first LNG export facility in the Middle East and Africa region to run on clean power, making it one of the lowest-carbon intensity LNG plants globally.
The facility will utilise artificial intelligence (AI) and other technologies to enhance safety, minimise emissions, and drive efficiency.
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