ADNOC has signed a 15-year LNG agreement with SEFE Marketing & Trading Singapore Pte Ltd.,a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH for the supply of 1 million metric tonnes per annum (mmtpa) of LNG
The LNG will primarily be sourced from ADNOC’s Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi which, when completed, will more than double ADNOC’s LNG production capacity to around 15mmtpa, to help meet increased global demand for natural gas. This is the second long-term LNG supply agreement from the Ruwais LNG project, following the 15-year agreement with China’s ENN Natural Gas signed in December 2023. The deliveries are expected to start in 2028, when the facility is scheduled to begin operations.
Fatema Al Nuaimi, executive vice president, Downstream Business Management at ADNOC said, “This LNG agreement, the first with a European company from the Ruwais lower-carbon LNG project, underscores ADNOC’s position as a reliable and responsible global energy provider. Gas accounts for almost a quarter of Germany’s primary energy use, and we look forward to supporting its efforts to diversify its energy sources and enhance its energy security.”
Frédéric Barnaud, chief executive officer of SEFE Marketing & Trading and Chief Commercial Officer of SEFE, said: “SEFE and ADNOC have a long and productive partnership, spanning over 15 years. We aim to further build on our existing relationship and explore joint low-carbon energy developments.”
The Ruwais LNG project is set to be the first LNG export facility in the MENA region to run on clean power, and will leverage AI, digitalisation and the latest advanced technology to drive efficiency and safety across the new facility.
