The Abu Dhabi National Oil Company (ADNOC) has solidified its position in the global LNG market with a new 15-year sales and purchase agreement (SPA) with Osaka Gas.
Under the agreement, ADNOC will supply the Japanese utility company with up to 800,000 tonnes per annum (tpa) of liquefied natural gas (LNG) from its lower-carbon Ruwais LNG project, starting in 2028.
This landmark deal, the first long-term LNG sales agreement between ADNOC and Osaka Gas, marks the fourth SPA signed for the Ruwais LNG project, located in Al Ruwais Industrial City, Abu Dhabi.
The LNG cargoes will be delivered to Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading.
“This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand our global LNG footprint,” stated ADNOC senior vice-president marketing Rashid Khalfan Al Mazrouei.
“Through our world-class Ruwais LNG project, ADNOC will continue to provide more lower-carbon gas to meet growing global demand, fuel industries and power homes.”
The Ruwais LNG project is set to be a game-changer in the region, with international buyers in Asia and Europe already committing to purchase up to eight million tonnes per annum (mtpa) of the project’s 9.6mtpa capacity through long-term agreements.
The plant will also be the first in the Middle East and Africa to operate on clean power, significantly reducing its carbon intensity.
Furthermore, the facility will utilise AI and advanced technologies to enhance safety, minimise emissions, and improve overall efficiency.
Osaka Gas executive vice-president Keiji Takemori highlighted the historical ties between Abu Dhabi and Osaka, stating: “The relationship between Abu Dhabi and our home base Osaka dates back to 1970, marked by the opening of the Abu Dhabi Pavilion at the Expo’70 in Osaka.”
He further added: “This year, Osaka once again hosts the World Expo, and we are delighted to announce the signing of a long-term LNG sale and purchase agreement with ADNOC in this landmark year…This new contract, with such a trusted LNG provider, will help ensure a stable energy supply for our customers.”
In related news, ADNOC Gas announced last November its plans to acquire ADNOC’s 60 per cent stake in the Ruwais LNG project by the second half of 2028, with an estimated transaction value of US$5 billion (Dh18.36 billion).
The project will include two 4.8mtpa liquefaction trains, effectively doubling ADNOC Gas’ LNG production capacity to approximately 15mtpa.
Adding to its recent developments, ADNOC completed a marketed offering of 3.1 billion ordinary shares in ADNOC Gas to institutional investors in February 2025.
This move has increased the company’s free float and positions it for potential inclusion in prominent international indices, such as the MSCI Emerging Market Index and the FTSE Emerging Market Index.
