The Implications of ADNOC's 15-Year, 1 mtpa Agreement for the Future of the Ruwais LNG Project

On November 6, 2024, ADNOC has signed a 15-year, 1 million tonnes per annum (mtpa) long-term sales and purchase agreement (SPA) with SEFE Marketing and Trading Singapore, a subsidiary of Germany's SEFE Securing Energy for Europe GmbH, for lower-carbon liquefied natural gas (LNG) from its upcoming Ruwais LNG project. Announced at ADIPEC, the agreement formalizes an earlier Heads of Agreement and will commence in 2028. To date, ADNOC has committed over 7 mtpa of Ru... Read More