Shipments will be primarily from ADNOC’s low-emission Ruwais LNG project, currently under development in the Ruwais Industrial City in Abu Dhabi, and expected to begin commercial operations in 2028.
Under the agreement, the LNG will be shipped to the ports of Osaka Gas and its subsidiary Osaka Gas Energy Supply & Trading Pte Ltd (OGEST) based in Singapore.
Rashid Khalfan Al Mazrouei, Senior Vice President of Marketing at ADNOC, described the agreement as historic, saying: “This historic agreement signed today, which is the first long-term LNG supply deal with Osaka Gas, underscores the long-standing energy partnership between the UAE and Japan. It also reinforces ADNOC’s position as a reliable and responsible global energy supplier, and reflects its commitment to meeting Japan’s energy needs through safe and sustainable energy solutions. The Ruwais LNG project supports ADNOC’s overall strategy to strengthen its global LNG presence to help drive the energy transition.”
The agreement signed with Osaka Gas is one of several long-term LNG sales agreements from the Ruwais LNG project that ADNOC has signed with international partners, bringing long-term gas sales commitments to 70% of the project’s total production capacity.
Source: RT
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2024-08-07 20:10:56
