ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with SEFE Marketing and Trading Singapore, a subsidiary of Germany’s SEFE, for the supply of 1 million tons per annum (mtpa) of liquefied natural gas (LNG) to Europe.
This agreement marks the first long-term contract for the Ruwais LNG project, following a Heads of Agreement signed in March between ADNOC and SEFE.
The LNG will be sourced from the Ruwais LNG project in Al Ruwais Industrial City of Abu Dhabi, with deliveries expected to start in 2028 when commercial operations begin. To date, over 7 mtpa of Ruwais LNG project’s production capacity has been committed to international customers through long-term agreements.
The SPA builds on the UAE-Germany Energy Security and Industry Accelerator (ESIA) signed by the UAE and Germany in 2022, which aims to advance cooperation in energy security, decarbonization and lower-carbon fuels.
Notably, 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.