ADNOC Gas, the gas and LNG subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed a 20-year gas supply agreement valued at AED147bn (US$40bn) with Ruwais LNG, securing feed gas for the second LNG facility in the United Arab Emirates. The plant is owned by ADNOC, its parent company.
Situated in Al Ruwais Industrial City, Abu Dhabi, the 9.6 Mt/year Ruwais LNG project is expected to begin commercial operations in 2028. The agreement will more than double ADNOC’s existing LNG production capacity. To date, more than 8 Mt/year of the plant’s total production capacity, consisting of two 4.8 Mt/year liquefaction trains, has already been sold to international customers under long-term agreements.
In November 2024, ADNOC Gas announced plans to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost, with the transaction expected to close in the second half of 2028. Upon completion, the deal will more than double ADNOC Gas’s LNG production capacity, bringing its total operated output to approximately 15.6 Mt/year.