The Abu Dhabi National Oil Company (ADNOC) has finalised a 15-year sales and purchase agreement (SPA) to supply one million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Inpex from the Ruwais LNG project.
Located in Al Ruwais Industrial City, Abu Dhabi, the Ruwais LNG project is due to begin commercial operations in 2028.
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With this contract, long-term commitments now cover more than 90% of Ruwais LNG’s projected 9.6mtpa production capacity. Japanese customers account for nearly 23% of this committed volume.
The announcement took place during a visit to Japan by the United Arab Emirates’ Minister of Industry and Advanced Technology, Sultan Al Jaber, who also serves as ADNOC managing director and group CEO and XRG executive chairman.
Ruwais LNG is expected to become the first LNG export plant in the Middle East and Africa region to run on clean power.
According to ADNOC, the project will utilise AI and advanced technologies for safety and emissions management.
ADNOC downstream industry, marketing and trading acting CEO and Ruwais LNG chairman Nasser Al Muhairi said: “This SPA with Inpex marks the first long-term LNG agreement announced following the launch of ADNOC and XRG’s integrated global LNG marketing and trading platform, demonstrating how we are bringing more LNG molecules, greater market access and enhanced commercial flexibility to our customers.
“It builds on ADNOC’s decades-long energy partnership with Japan, advances the commercialisation of Ruwais LNG and reinforces strong market confidence in the project.”
Inpex described the agreement as consistent with its Vision 2035 strategy announced in February 2025, aimed at expanding the company’s LNG portfolio and enhancing supply flexibility.
Inpex is also a participant in several ADNOC upstream projects covering Abu Dhabi’s offshore and onshore concessions.
In November 2024, ADNOC Gas indicated that it expects to purchase ADNOC’s 60% stake in the Ruwais LNG project at cost, a transaction estimated at $5bn (Dh18.36bn).
Once operational, the project’s two 4.8mtpa liquefaction trains will raise ADNOC Gas’ total operated LNG production to approximately 15mtpa.
ADNOC recently launched a global LNG marketing and trading platform housed in Abu Dhabi Global Market, consolidating the trading activities of ADNOC Gas, XRG and ADNOC Trading.
The platform is intended to facilitate wider customer access and provide greater shipping flexibility for ADNOC Gas’ expanding LNG portfolio, including volumes from the Ruwais project and XRG’s international business.
ADNOC and XRG have set a combined marketable LNG capacity target of 47mtpa by 2035.
