The Emirati oil and gas company ADNOC has signed a long-term Heads of Agreement with the Chinese gas distributor ENN for the supply of at least 1 Mt/year of LNG. Under the deal, ENN LNG, a unit of ENN Natural Gas, will buy LNG from the UAE for a period of 15 years. LNG supplies would primarily be sourced from its planned LNG terminal in Al Ruwais Industrial City, in Abu Dhabi. The deliveries are expected to start in 2028, upon the start of the facility’s commercial operations. This is the first supply deal for the Ruwais LNG project. The LNG agreement is contingent upon a final investment decision (FID) on the project, including regulatory approvals, and the negotiation of a definitive Sale and Purchase Agreement between the two companies.
Once completed, the Ruwais project, which consists of two 4.8 Mt/year LNG liquefaction trains with a total capacity of 9.6 Mt/year, will more than double ADNOC’s LNG production capacity to help meet increased global demand for natural gas.