Adnoc has signed its third Sales and Purchase Agreement (SPA) for the Ruwais lower-carbon liquefied natural gas (LNG) project with Germany’s EnBW Energie Baden-Württemberg AG, a leading European energy infrastructure operator.
The 15-year SPA formalises a previous Heads of Agreement, securing the supply of 0.6 million tonnes per annum (mtpa) of LNG. The Ruwais LNG project, under development in Al Ruwais Industrial City, Abu Dhabi, will source the LNG. Adnoc expects deliveries to begin in 2028 and has already allocated over 8 mtpa of the project’s 9.6 mtpa capacity through long-term deals.
This marks Adnoc’s second agreement for Ruwais LNG with a German firm, following a 15-year deal signed in November for 1 mtpa with SEFE Marketing and Trading Singapore, a subsidiary of SEFE Securing Energy for Europe GmbH.
Fatema Al Nuaimi, Adnoc Executive Vice President, Downstream Business Management, said: “Our partnership with EnBW underscores Adnoc’s commitment to sustainable energy collaborations. By supplying lower-carbon LNG, we enhance energy security and support decarbonisation.”
The agreement strengthens the UAE-Germany Energy Security and Industry Accelerator (ESIA) pact from 2022, focused on energy security and lower-carbon fuels, and advances the 2024 Joint Declaration of Intent for Sustainable Energy Cooperation between the UAE and Germany’s Baden-Württemberg.
Peter Heydecker, EnBW Board Member, said: “This long-term contract deepens our partnership with Adnoc, broadens our LNG portfolio, and opens avenues for future collaboration.”
Adnoc Gas plans to acquire a 60% stake in the Ruwais LNG project, valued at USD 5 billion, by 2028. Once operational, the project’s 9.6 mtpa capacity will double Adnoc Gas’ existing LNG production to 15 mtpa.
