ADNOC and Inpex sign 15-year LNG sales deal for Ruwais project

Offshore Technology··Read original
3▲2 ▼0Impact / 5
Summary · why it matters

ADNOC has finalized a 15-year sales and purchase agreement to supply one million tonnes per annum of liquefied natural gas to Inpex from the Ruwais LNG project. The Ruwais LNG project, located in Al Ruwais Industrial City, is due to begin commercial operations in 2028. With this contract, long-term commitments now cover more than 90% of the project's projected 9.6 million tonnes per annum production capacity, with Japanese customers accounting for nearly 23% of that committed volume. The agreement marks the first long-term LNG deal announced following the launch of ADNOC and XRG's integrated global LNG marketing and trading platform. Ruwais LNG is expected to become the first LNG export plant in the Middle East and Africa region to run on clean power and will utilize AI and advanced technologies for safety and emissions management.

Impact on assets 2

Energy Transition & Power Demand▲ · 1 stocks
Inpex Corporation
1605
▲ PositiveDemandrelevance

Inpex secures 1 mtpa LNG supply for 15 years from Ruwais project, ensuring long-term offtake.

Others▲ · 1 stocks

Off-coverage companies 1

XRGPrivate▲ Positive
Demandrelevance

XRG's integrated LNG marketing platform involved in the deal, boosting its business.

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