Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with Germany’s EnBW Energie Baden-Württemberg (EnBW) to supply LNG.
Under the agreement, ADNOC will deliver 600,000 tonnes per annum of LNG to EnBW for a period of 15 years.
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The LNG will be sourced from ADNOC’s Ruwais LNG project, which is currently being developed in Al Ruwais Industrial City, Abu Dhabi.
The Ruwais LNG project is designed to run on clean power and is expected to integrate advanced technologies and AI for emissions reduction and efficiency.
ADNOC’s deal with EnBW is the third of its kind for the Ruwais LNG project, which boasts a total capacity of 9.6 million tonnes per annum (mtpa).
Deliveries to EnBW are due to begin in 2028, when the project is expected to begin commercial operations.
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By GlobalDataADNOC executive vice-president of downstream business management Fatema Al Nuaimi said: “The Ruwais LNG project continues to gain momentum, reinforcing ADNOC’s position as a reliable global natural gas provider.
“This new agreement builds on the UAE-Germany Energy Security and Industry Accelerator and will support Germany as it strives to diversify its energy sources and enhance its energy security.”
EnBW board member for sustainable generation infrastructure Peter Heydecker said: “We are delighted that EnBW has signed its first LNG contract in the Middle East with our experienced partner ADNOC.
“In doing so, we are taking the next step in terms of diversifying our procurement portfolio and establishing our own LNG value chain. We can also use the experience gained here for our medium-term goal of establishing an import structure for green gases, since the two business fields are very similar.”
The deal is dependent on the final investment decision for the Ruwais project, which includes obtaining all necessary regulatory approvals and finalising a definitive sale and purchase agreement.
Earlier in the year, ADNOC entered into a similar long-term arrangement with SEFE Marketing & Trading Singapore, agreeing to supply 1mtpa of LNG over a 15-year period.
Additionally, in December last year, ADNOC signed a supply agreement with ENN LNG (Singapore) to deliver 1mtpa of LNG for the same duration.
