ADNOC Signs Long-Term LNG Agreement with Japan's Osaka Gas for Ruwais Project

ADNOC signs long-term heads of agreement with Osaka Gas for Ruwais LNG project

LNG supply agreement for 0.8mmtpa marks ADNOC's first long-term LNG deal with Japan's Osaka Gas To date ADNOC has secured LNG sales commitments for 70% of the project's total production capacity, reinforcing its position as a reliable global supplier of natural gas Abu Dhabi, UAE: ADNOC announced today the signing of a long-term Heads of Agreement (LNG agreement) with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC's lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi, and is expected to start commercial operations in 2028. Under the agreement, LNG cargoes will be shipped to the destination ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd. (OGEST). Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, said: "This landmark LNG agreement, our first long-term LNG deal with Osaka Gas, underscores the strong, long-standing energy partnership between the UAE and Japan. This agreement further enhances ADNOC's position as a reliable and responsible global energy provider and reflects our commitment to help meet Japan's energy needs with secure and sustainable energy solutions. The Ruwais LNG project supports our broader strategy to expand our global LNG footprint to enable the energy transition." The agreement with Osaka Gas is one of several long-term LNG sales commitments ADNOC has signed with international partners for Ruwais LNG, which take the long-term sales commitments to 70% of the project's total production capacity. Keiji Takemori, Osaka Gas Executive Vice President, said: "Osaka Gas is delighted to secure LNG from ADNOC, a reliable and responsible global energy supplier. This agreement will significantly enhance the stability of Osaka Gas' LNG procurement. It will also strengthen the foundation of our stable energy supply to customers, transition to lower carbon energy, and acceleration towards our net zero target. We will continue working on the stable procurement, development and supply of natural gas as a key transition fuel." The Ruwais LNG plant is set to be the first LNG export facility in the Middle East and Africa region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world. The facility will leverage artificial intelligence and the latest technologies to enhance safety, minimize emissions and drive efficiency. The Ruwais LNG project will consist of two 4.8mmtpa LNG liquefaction trains with a total capacity of 9.6mmtpa, more than doubling ADNOC's existing UAE LNG production capacity to around 15mmtpa, as the company builds its international LNG portfolio. The agreement, ADNOC's first long-term LNG deal with a Japanese energy company since the early 1990s, demonstrates the company's renewed commitment to the Japanese market. ADNOC and Osaka Gas will work together to conclude a detailed Sale and Purchase Agreement in the coming months based on the terms of the LNG agreement. About ADNOC ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC's objective is to maximize the value of the Emirate's vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates' economic growth and diversification. To find out more, visit: www.adnoc.ae For media inquiries, please contact: media@adnoc.ae About Osaka Gas Osaka Gas is a major Japanese gas utility based in Osaka, providing gas and electricity primarily to the country's western region. The company aims to reduce carbon emissions and achieve carbon neutrality across its corporate group (Daigas Group) by 2050, as the goals set in the Carbon Neutral Vision announced in 2021 and Energy Transition 2030 released in 2023. To realize this ambition, Osaka Gas promotes fuel conversion from coal to natural gas and pursues net zero solutions, including e-methane, a synthetic gas that can contribute to a seamless transition to a carbon-neutral future due to its compatibility with the existing LNG facilities and gas infrastructure. ADNOC Media Team Media Communications Department PO Box 898, Abu Dhabi, UAE media@adnoc.ae adnoc.ae ADNOC

ADNOC signs long-term deal with Japan's Osaka Gas for Ruwais LNG project

ABU DHABI - ADNOC announced today the signing of a long-term Heads of Agreement (LNG agreement) with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC's lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi, and is expected to start commercial operations in 2028. Under the agreement, LNG cargoes will be shipped to the destination ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd. (OGEST). Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, said, "This landmark LNG agreement, our first long-term LNG deal with Osaka Gas, underscores the strong, long-standing energy partnership between the UAE and Japan. This agreement further enhances ADNOC's position as a reliable and responsible global energy provider and reflects our commitment to help meet Japan's energy needs with secure and sustainable energy solutions. The Ruwais LNG project supports our broader strategy to expand our global LNG footprint to enable the energy transition." The agreement with Osaka Gas is one of several long-term LNG sales commitments ADNOC has signed with international partners for Ruwais LNG, which take the long-term sales commitments to 70% of the project's total production capacity. Keiji Takemori, Osaka Gas Executive Vice President, said, "Osaka Gas is delighted to secure LNG from ADNOC, a reliable and responsible global energy supplier. This agreement will significantly enhance the stability of Osaka Gas' LNG procurement. It will also strengthen the foundation of our stable energy supply to customers, transition to lower carbon energy, and acceleration towards our net zero target. We will continue working on the stable procurement, development and supply of natural gas as a key transition fuel." The Ruwais LNG plant is set to be the first LNG export facility in the Middle East and Africa region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world. The facility will leverage artificial intelligence and the latest technologies to enhance safety, minimise emissions and drive efficiency. The Ruwais LNG project will consist of two 4.8mmtpa LNG liquefaction trains with a total capacity of 9.6mmtpa, more than doubling ADNOC's existing UAE LNG production capacity to around 15mmtpa, as the company builds its international LNG portfolio. The agreement, ADNOC's first long-term LNG deal with a Japanese energy company since the early 1990s, demonstrates the company's renewed commitment to the Japanese market. ADNOC and Osaka Gas will work together to conclude a detailed Sale and Purchase Agreement in the coming months based on the terms of the LNG agreement.

ADNOC inks initial agreement for LNG delivery with Osaka Gas

Image credit: Christophe Viseux/ Getty Images Abu Dhabi National Oil Company (ADNOC) said on Tuesday that it has signed a long-term heads of agreement (HOA) with Japanese utilities provider Osaka Gas for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The contract will see LNG cargoes shipped to the destination ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading. "The agreement further enhances ADNOC's position as a reliable and responsible global energy provider and reflects our commitment to help meet Japan's energy needs with secure and sustainable energy solutions," said Rashid Khalfan Al Mazrouei, ADNOC senior vice president of marketing. The deal marks the first long-term LNG deal between Osaka Gas and ADNOC. Under the agreement, the contract is expected to start in the late 2020s. Osaka Gas and ADNOC will work together to conclude a detailed sale and purchase agreement in the coming months based on the terms of the HOA. ADNOC's global ambitions The LNG will be primarily sourced from the Ruwais LNG project, which is under development in Al Ruwais Industrial City, Al Dhafra, in Abu Dhabi. ADNOC said, in a statement, that the project is expected to start commercial operations in 2028 as the first LNG export facility in the Middle East and North Africa region to run on clean power. The facility will leverage artificial intelligence and innovative technologies to enhance safety, minimise emissions and drive efficiency. "The Ruwais LNG project supports our broader strategy to expand our global LNG footprint to enable the energy transition," said Al Mazrouei. The Ruwais LNG project will consist of two 4.8mmtpa LNG liquefaction trains with a total capacity of 9.6mmtpa, more than doubling ADNOC's existing UAE LNG production capacity to around 15mmtpa. Meanwhile, the deal with Osaka Gas follows several LNG sales agreements, including those with Japan Petroleum Exploration Company, TotalEnergies Gas and Power, Indian Oil Corporation (IOCL), PetroChina International and GAIL India. ADNOC continues to invest domestically to position itself to meet both local and international demand for natural gas. The state-owned energy giant plans to more than double its LNG production capacity to meet rising global demand through its new project. Earlier in July, bp, Mitsui & Co., Shell and TotalEnergies acquired a combined 40 per cent stake in the Ruwais LNG project as the global demand for natural gas is expected to surge by more than 50 per cent by 2040. Read: ADNOC's Ruwais LNG sells 40% stake to Shell, Total, BP, Mitsui