Monday, March 4, 2024

ADNOC signs first contract to export liquefied natural gas from Ruwais project

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Yesterday, ADNOC announced that it had signed the main terms of a liquefied natural gas contract with ENN LNG Singapore Pte, which includes the supply of at least one million tonnes of liquefied natural gas annually for 15 years. Owned by a subsidiary of ENN Natural Gas Co., Ltd., one of China’s largest private energy companies. Exports will primarily be from ADNOC’s Ruwais low-emission LNG project, currently under development at Ruwais Industrial City in Abu Dhabi.

Cargo shipments are expected to begin once the facility commences commercial operations, expected in 2028.

Great progress

ADNOC’s Senior Vice President Marketing Rashid Khalfan Al Mazrouei said: This agreement to supply liquefied natural gas from the “Ruwais Low Emission LNG” project strengthens ADNOC’s position as a reliable and responsible global energy provider. and offers new opportunities for value creation. “Across our gas value chain, as demand for this key resource continues to grow, we are making significant progress in completing this strategic plan, while expanding our investments in low-carbon energy solutions. Enable transformation initiatives in the energy sector and continue to support our customers and partners.

The Ruwais LNG terminal is the first project in the Middle East and North Africa region to operate on electricity produced from clean energy sources, making it one of the world’s least carbon emission-intensive LNG facilities. Achieving climate neutrality by 2045 is a key enabler of ADNOC’s ambition to achieve its goal.

See also  Profits of "First Abu Dhabi" and "Abu Dhabi Commercial" beat expectations
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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