Skip to content Skip to Search
Skip navigation

Adnoc strikes LNG supply deal with Germany

By Pramod Kumar
Crowd, Person, Adult Adnoc
Peter Heydecker, board member for sustainable generation Infrastructure, EnBW and Fatema Al Nuaimi, executive vice president, downstream business management, Adnoc signing the LNG supply agreement

The Abu Dhabi National Oil Company (Adnoc) has signed a 15-year liquefied natural gas (LNG) supply agreement with German energy major Energie Baden-Württemberg AG.

The agreement includes the delivery of 0.6 million tonnes per annum (mtpa) of LNG, primarily sourced from Adnoc’s lower-carbon Ruwais LNG project, currently under development in Abu Dhabi’s Al Ruwais Industrial City.

The Ruwais plant will be the first LNG export facility in the Middle East and Africa region to run on clean power, leveraging the latest technologies and artificial intelligence (AI) tools to minimise emissions and drive efficiency. 

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

The agreement is the third long-term LNG supply deal for the Ruwais plant. The deliveries are expected to start in 2028 upon the start of the facility’s commercial operations.

The new agreement builds on the UAE-Germany energy security and industry accelerator (ESIA) and supports Germany’s drive to diversify its energy sources, said Adnoc executive vice president, downstream business management Fatema Al Nuaimi.

ESIA, signed in 2022, aims to advance cooperation in energy security, decarbonisation and lower-carbon fuels.

The LNG agreement is contingent upon a final investment decision on the project, including regulatory approvals, and the final negotiations between the two companies.

Adnoc in March awarded the early engineering, procurement and construction work contract to a joint venture between France’s Technip Energies, Japan’s JGC Corporation and Abu Dhabi’s National Petroleum Construction Company for the Ruwais plant.

Once completed, the project is set to be one of the world’s lowest-carbon intensity LNG plants.  

Ruwais LNG will consist of two 4.8 mtpa LNG liquefaction trains with a total capacity of 9.6 million mtpa. It will more than double Adnoc’s LNG production capacity from 6 million mtpa to around 15 million.

Latest articles

Shein IPO

Mubadala-backed Shein courts investors before London IPO

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Shein is due to hold informal meetings to answer questions and test the investment appetite of major investors in the coming weeks, before its planned IPO […]

Workers stand on a scaffold in Dubai. Building a high rise in the UAE can be as much as two thirds cheaper than in other major cities

Apartments in UAE among cheapest to build in the world

Building a standard residential high-rise in Dubai or Abu Dhabi is up to two-thirds cheaper than in other major global cities, thanks to land, labour and raw materials all costing much less. Land is up to three times cheaper in the UAE compared with the prices paid in New York, London, Hong Kong and Singapore […]

Despite challenges to the economy, Kuwait's bank sector remained resilient, the country's central bank says

Kuwait’s economy holds up against challenges, says central bank

Robust spending and “long-due” structural reforms expected to accelerate following “recent political developments” will help Kuwait’s economy overcome some challenges, according to the Central Bank of Kuwait (CBK). Kuwait faced multiple challenges in 2023 in the face of high inflation, rising global interest rates and bubbling geopolitical tensions in the region, according to CBK’s 12th […]

Saudi Arabia data centre

Four-fold boost to Saudi data centres planned

Saudi Arabia plans to boost its data centre capacity four-fold to more than 1,000 megawatts over the next five years, according to one of the country’s leading data centre providers. The current capacity in the kingdom is approximately 250-300MW. Abdullah Al Ghamdi, CEO of Al Moammar Information Systems (MIS), revealed the target in an interview […]