ADNOC and INPEX sign 15-year SPA for Ruwais LNG
- 15‑year Sales and Purchase Agreement for 1 million tonnes per annum of LNG.
- Ruwais LNG comprises two 4.8 mtpa trains (9.6 mtpa) and is scheduled to start commercial operations in 2028.
- Long-term commitments now cover more than 90% of the project’s capacity, with nearly 23% allocated to Japanese customers.
- Ruwais LNG will operate on clean power, target low carbon intensity and use AI and advanced technologies.
Deal specifics
ADNOC has signed a 15‑year Sales and Purchase Agreement with INPEX for the supply of 1 million tonnes per annum of LNG from the Ruwais LNG project. The agreement was announced during a visit to Japan by ADNOC’s Group CEO.
Project capacity and timeline
Ruwais LNG comprises two 4.8 mtpa liquefaction trains for a combined 9.6 mtpa. Commercial operations are scheduled to begin in 2028. With this SPA, long‑term commitments now cover more than 90% of the project’s capacity, and nearly 23% is committed to Japanese customers.
Low‑carbon and technology features
The Ruwais export facility will run on clean power and is described as one of the lowest‑carbon intensity LNG plants globally. The project will leverage artificial intelligence and other technologies to enhance safety, efficiency and emissions performance.
Strategic context
The SPA follows the launch of ADNOC and XRG’s integrated global LNG marketing and trading platform and supports ADNOC and XRG’s target of 47 mtpa of combined marketable LNG by 2035. INPEX intends to strengthen its LNG portfolio under its Vision 2035 and is a long‑standing upstream partner of ADNOC. ADNOC Gas expects to acquire ADNOC’s 60% stake in Ruwais LNG at cost, estimated at about $5 billion, in 2028.
Source: ADNOC
