UAE’s Adnoc signs 15-year LNG supply deal with Petronas

The 15-year agreement for supplying 1 million tonnes per annum of LNG converts a preliminary deal to a definitive agreement, Adnoc said in a statement.

The LNG will primarily be sourced from the Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi.

Deliveries are expected to start in 2028 upon commencement of its commercial operations. More than 8 mtpa of the project’s production capacity has been committed to international customers through long-term agreements.

ADNOC Gas announced in November 2024 that it expects to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost, estimated at around $5bln, in the second half of 2028.

The project comprises two 4.8 mtpa liquefaction trains with a combined capacity of 9.6 mtpa, which will more than double Adnoc Gas’ existing operated LNG production capacity to around 15 mtpa.

The Ruwais LNG plant will be the first LNG export facility in the Middle East