MEOG: ADNOC signs another LNG deal

Abu Dhabi National Oil Co. (ADNOC) this week announced it has signed a long-term heads of agreement (HoA) with Japanese firm Osaka Gas for the delivery of 0.8mn tonnes per year (tpy) of LNG.

The deal follows ADNOC’s final investment decision (FID) on the facility in June and the signing of several offtake contracts with European and Asian customers.

In a press release, ADNOC said that deliveries are expected to commence to Osaka Gas and its Singapore subsidiary Osaka Gas Energy Supply and Trading (OGEST) in 2028, upon the start of commercial operations at Ruwais LNG.

ADNOC SVP of marketing Rashid Khalfan Al Mazrouei said: “This agreement further enhances ADNOC’s position as a reliable and responsible global energy provider and reflects our commitment to help meet Japan’s energy needs with secure and sustainable energy solutions. The Ruwais LNG project supports our broader strategy to expand our global LNG footprint to enable the energy transition.”

Meanwhile, Keiji Takemori, Osaka Gas Executive VP, said that the deal will “strengthen the foundation of our stable energy supply to customers, [the] transition to lower carbon energy and [the] acceleration towards our net zero target.”