Oil & Gas Adnoc Gas to supply LNG to Osaka By Eva Levesque February 27, 2025, 2:32 PM Alamy via Reuters Ships in the Port of Osaka. Adnoc will ship up to 800,000 tonnes of LNG to Osaka Gas Osaka Gas signs deal with Adnoc 800,000 tonnes of LNG 80% of Adnoc capacity assigned Abu Dhabi’s state-owned Adnoc Gas has signed a fourth sales and purchase agreement for its Ruwais liquefied natural gas project, which is under development at Al Ruwais Industrial City. Adnoc Gas signed the 15-year contract with one of Japan’s utility companies, Osaka Gas, to supply up to 800,000 tonnes of LNG per year, Adnoc said in a statement. Under the agreement, LNG cargoes will be shipped to the destination ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading. Adnoc’s Ruwais LNG project is scheduled to start commercial operation in 2028. It comprises two liquefaction trains, each with capacity of 4.8 million tonnes per annum (mtpa), which will more than double Adnoc Gas’s existing operated LNG production capacity to around 15 mtpa. More than 80 percent of the project’s production capacity has been committed to buyers across Asia and Europe through long-term arrangements. The plant is set to be the first in the Middle East and Africa region to operate on clean power, allowing it to produce low-carbon intensity LNG. Previously, Adnoc Gas signed 15-year contracts with Malaysia’s Petronas to supply 1 million mtpa of LNG, with Germany’s Energie Baden-Württemberg to supply 0.6 mtpa, and with SEFE Marketing and Trading Singapore, a subsidiary of Germany’s SEFE, to supply 1 mpta. The company also signed in January a deal to supply LNG to Japan’s Jera Global Markets, from its Das Island facility. Adnoc Drilling plans further acquisitions in US and Europe Oman LNG strikes 10-year deal with Swiss trader Adnoc to sign LNG deal with India’s BPCL Adnoc Gas announced in November that it expects to acquire Adnoc’s 60 percent stake in the Ruwais LNG project at cost, estimated at around $5 billion in the second half of 2028. Earlier this month, parent Adnoc raised $2.84 billion from the sale of approximately 3.1 billion Adnoc Gas shares in a secondary offering on the Abu Dhabi stock exchange ADX. “Adnoc has been a reliable LNG supplier to Japan for nearly half a century,” Osaka Gas executive vice president Keiji Takemori said. “This new contract will help ensure a stable energy supply for our customers.”
