Credit By: Oil & Gas Middle East
In a significant development, the Abu Dhabi National Oil Company (Adnoc) has inked a momentous 15-year heads of agreement with ENN LNG (Singapore) Pte. Ltd, a subsidiary of ENN Natural Gas Co. Ltd. The deal outlines the delivery of at least 1 million metric tons per annum (mmtpa) of liquefied natural gas (LNG).
This marks a pivotal moment as Adnoc secures a 15-year commitment for LNG supply with ENN LNG.
Source of LNG
The LNG supply is set to be primarily sourced from Adnoc’s low-carbon Ruwais LNG project, presently in development in Al Ruwais Industrial City, Abu Dhabi.
Commencement of Deliveries
Anticipated to kick off in 2028, the deliveries of LNG under this agreement align with the commencement of commercial operations at the Ruwais LNG facility.
Rashid Khalfan Al Mazrouei, Adnoc’s Senior Vice President of marketing, emphasizes that this landmark agreement enhances Adnoc’s global standing as a reliable and responsible energy provider. Furthermore, it positions Adnoc to capitalize on opportunities for value creation throughout the gas value chain, supporting the growing demand for natural gas.
Focus on Energy Transition
Adnoc actively contributes to the energy transition by progressing with the Ruwais LNG project, forming a part of its portfolio of lower-carbon energy solutions. The company aims to play a role in facilitating the global shift towards sustainable energy practices. This agreement underscores Adnoc’s commitment to providing stable and sustainable energy solutions, reinforcing its pivotal role in the evolving energy landscape. The Ruwais LNG project is expected to contribute significantly to Adnoc’s strategic objectives in the future.
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