- ADNOC signs a 15-year LNG supply deal with the SEFE subsidiary.
- The deal underscores ADNOC’s focus on LNG as a transition fuel.
Abu Dhabi National Oil Company (ADNOC) signed a 15-year deal to supply 1 million metric tons of Liquefied Natural Gas (LNG) annually to a Securing Energy For Europe (SEFE) subsidiary. The agreement highlights ADNOC’s focus on LNG as a critical transition fuel in climate efforts.
LNG deliveries from the Ruwais LNG project will start in 2028, boosting ADNOC’s production. Ruwais project will double ADNOC’s LNG production to around 15 million tons annually.
This is ADNOC’s second major supply deal from Ruwais, following a similar pact with China’s ENN Natural Gas. The agreement with SEFE aligns with Germany’s energy diversification goals.
Fatema Al Nuaimi, ADNOC’s EVP of Downstream Business Management, emphasised the role of energy security. Ruwais project progress is underway, with a final investment decision expected this year.
ADNOC issued a limited notice to proceed with early engineering and construction. ADNOC’s gas focus mirrors the strategies of other energy giants like Saudi Aramco. Qatar plans to expand its North Field project, solidifying its LNG export position.