The UAE’s energy group ADNOC has announced the signing of a 15-year Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited FZE, a wholly owned subsidiary of Shell, for the supply of up to 1 Mt/year of LNG (ADNOC press release, 04/11/2025). Shell holds a 10% equity stake in the Ruwais LNG project through its subsidiary Shell Overseas Holdings Limited. This SPA converts a previous Heads of Agreement into a definitive contract.
- The agreement represents ADNOC’s first long-term LNG sales contract with Shell and the eighth long-term offtake agreement secured for the 9.6 Mt/year Ruwais LNG project, located in Abu Dhabi (United Arab Emirates) and currently under development.
- In August 2025, ADNOC also entered into a 15-year SPA with IndianOil Corporation Limited for the supply of 1 Mt/year of LNG from the same project (KEI, 28/08/2025).
According to ADNOC, this latest agreement brings the total contracted volume to over 8 Mt/year out of the project’s planned 9.6 Mt/year capacity, secured through long-term deals with customers across Asia and Europe, 16 months after the project’s Final Investment Decision (FID) in July 2024. Commissioning is expected by the end of 2028.