ADNOC has signed a 15-year heads of agreement with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million tonnes/year (tpy) of LNG.
The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi.
This is the second long-term LNG supply agreement from the Ruwais LNG project, following the 15-year agreement with China’s ENN Natural Gas signed in December 2023 (OGJ Online, Dec. 26, 2023). The deliveries are expected to start in 2028, upon startup of the plant’s commercial operations.
When completed, the Ruwais LNG project, which consists of two 4.8 million tpy liquefaction trains, will more than double ADNOC’s LNG production capacity to around 15 million tpy.
The agreement with SEFE is contingent upon a final investment decision (FID) on the Ruwais LNG project, including regulatory approvals, and the negotiation of a definitive sale and purchase agreement between the two companies.
Last week, ADNOC issued a limited notice to proceed to Technip Energies to begin early engineering, procurement, and construction (EPC) activities at the project (OGJ Online, Mar. 13, 2024).
