Abu Dhabi National Oil Company’s (ADNOC) has signed a 15-year liquefied natural gas (LNG) sales and purchase agreement with Germany’s SEFE.
Under terms of the deal, ADNOC will supply SEFE with one million tonnes of LNG per annum. This builds on the UAE-Germany Energy Security and Industry Accelerator, signed by the two countries in 2022 to strengthen cooperation in energy security and low-carbon fuels.
The sales and purchase deal converts the previous heads of agreement between ADNOC and SEFE announced in March into a definitive agreement.
Fatema Al Nuaimi, Executive Vice-President for Downstream Business Management at ADNOC, notes that natural gas accounts for over a quarter of Germany’s energy supply.
“We are pleased to support the country’s energy security through this landmark agreement with SEFE for the lower-carbon Ruwais LNG project. As natural gas demand continues to increase, ADNOC ensures access to lower-carbon gas to power homes, fuel industries, and keep people connected.”
To date, over seven million tonnes per annum of Ruwais LNG project’s production capacity has been committed to international customers through long-term agreements.
Dr. Egbert Laege, CEO of SEFE, added, “This partnership with ADNOC supports our efforts to responsibly diversify our energy sources, enhance security of energy supply for Germany and Europe, and support our customers on their decarbonisation journey.”
The Ruwais LNG plant is set 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 in the world.
Once operational, the site 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.
Earlier this year, TotalEnergies, Shell, Mitsui, and bp each acquired a 10% in ADNOC’s Ruwais LNG.
Read more: Shell, TotalEnergies, Mitsui, bp acquire 10% stakes in Ruwais LNG
ADNOC remains 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.
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