- SPA is ADNOC’s first long-term LNG agreement with Shell and Ruwais LNG’s eighth offtake deal
  - Over 8 mtpa of Ruwais LNG’s 9.6 mtpa capacity contracted in 12 months, setting a new global benchmark for speed to market for large-scale LNG projects
  - Commercial operations on track to commence by Q4 2028

ADNOC announced a 15-year Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of Shell plc (Shell), for the delivery of up to 1 million tons per annum (mtpa) of liquefied natural gas (LNG).

Signed during ADIPEC, the deal marks ADNOC’s first long-term LNG sales agreement with Shell and the eighth long-term offtake agreement secured for the Ruwais LNG project. The first SPA was announced at ADIPEC in 2024.

This SPA converts a previous Heads of Agreement into a definitive agreement and marks a significant step in ADNOC’s efforts to rapidly commercialize the /terminal-lng-de-ruwais-l-2053 project. With this latest agreement, more than 8 mtpa of the project’s planned 9.6 mtpa capacity is now secured through long-term deals with customers across Asia and Europe, just 16 months after the project’s Final Investment Decision (FID) in July 2024.

Fatema Al Nuaimi, CEO, ADNOC Gas, said: “This agreement with Shell marks a significant milestone that reinforces ADNOC’s position as a reliable global supplier of lower-carbon LNG. Securing over 80% of Ruwais LNG’s capacity in just over a year from FID is a remarkable achievement that sets a new benchmark for large-scale LNG projects globally. While the industry can take up to four or five years to market such volumes, Ruwais is advancing at record pace. In parallel, construction, contractor mobilization, and site works are all on track for commissioning by the end of 2028.”

The LNG will be primarily sourced from the Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi. Shell holds a 10% stake in the project through its subsidiary, Shell Overseas Holdings Limited.

Tom Summers, Executive Vice President of Shell LNG Marketing and Trading, said: “Shell’s trusted partnership with ADNOC dates back more than 50 years and today we share a vision of strengthening global energy security through strategic collaboration. This agreement is a significant milestone in our partnership with ADNOC and supports Shell’s strategy of expanding our LNG portfolio.’’

The Ruwais LNG plant will be the first LNG export facility in the Middle East and Africa region to operate on clean power, making it one of the lowest-carbon intensity LNG projects in the world. The plant will leverage artificial intelligence (AI) and the latest technologies to enhance safety, operational efficiency, and emissions performance.

With two 4.8 mtpa liquefaction trains, the facility will more than double ADNOC Gas’ existing LNG production capacity to approximately 15 mtpa, supporting ADNOC’s strategy to expand its LNG portfolio to meet rising global demand.

About ADNOC

ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification.

About Shell plc

Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.