The ADNOC Group based in the UAE has entered into a 15-year agreement with China’s ENN Natural Gas for the annual supply of at least one million metric tons of liquefied natural gas (LNG).
The Ruwais LNG project, a low-carbon initiative currently under development in Al Ruwais Industrial City, is the primary source for the LNG.
Expectations are that deliveries will commence in 2028, aligning with the facility’s commercial operations, subject to final investment decisions, regulatory approvals, and the execution of a definitive sale and purchase agreement.
ADNOC Marketing VP Stresses Global Energy Role Amid Surging Natural Gas Demand
Rashid Khalfan Al Mazrouei, ADNOC’s senior vice president of marketing, emphasized that this significant agreement enhances ADNOC’s global energy provider position, underscoring its commitment to responsible and reliable supply amid the rising demand for natural gas.
LNG, known for its lower carbon emissions, plays a vital role as a transitional fuel, supporting economic growth across diverse industries. The deal with ENN Natural Gas follows other notable international agreements with Japan Petroleum Exploration Company, TotalEnergies Gas and Power, and India Oil Corporation, according to Gulf Business.
ADNOC is actively working on expanding its LNG production capacity to meet global demand, having awarded contracts for the expansion of its natural gas pipeline network. With a $3.6B investment, the company aims to enhance gas processing capabilities in Al Ruwais Industrial City, contributing to the growth of the UAE’s industrial sector and economic diversification.
