ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with India’s energy company IndianOil, for the supply of 1 Mt/year of LNG from ADNOC’s Ruwais LNG project. This definitive agreement builds upon a previously signed Heads of Agreement.
Located in Al Ruwais Industrial City, Abu Dhabi, the Ruwais LNG project is scheduled to begin commercial operations in 2028. The agreement provides flexibility, allowing LNG cargoes to be delivered to any port in India. By 2029, IndianOil is expected to become ADNOC’s largest LNG customer, with a total contracted volume of 2.2 Mt/year — comprising 1.2 Mt/year from ADNOC’s Das Island (UAE) operations and 1 Mt/year from the Ruwais LNG project.
To date, more than 8 Mt/year of the project’s 9.6 Mt/year total production capacity — comprising two 4.8 Mt/year liquefaction trains — has already been committed to international customers through long-term agreements. In November 2024, ADNOC Gas announced its intention to acquire ADNOC’s 60% stake in the Ruwais LNG project at cost, with the transaction expected to close by the second half of 2028. Once completed, the project will bring ADNOC Gas’s total operated LNG production capacity to approximately 15 Mt/year, more than doubling its current capacity.
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