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  • ADNOC Signs Third Long-Term Heads of Agreement for Ruwais LNG Project
    édité le 08/05/2024 - Plus de news de "ADNOC" - Voir la fiche entreprise de "ADNOC"


ADNOC Signs Third Long-Term Heads of Agreement for Ruwais LNG Project
  - 15-year, 0.6 mmtpa LNG supply agreement with Germany’s EnBW reinforces ADNOC’s position as a reliable global natural gas provider
  - Agreement builds on ‘UAE-Germany Energy Security and Industry Accelerator’ which aims to advance cooperation in energy security, decarbonization and lower-carbon fuels
  - Ruwais LNG to be one of world’s lowest-carbon intensity LNG facilities leveraging latest technologies and AI tools to minimize emissions and drive efficiency

ADNOC announced the signing of a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).

The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi. The Ruwais LNG plant is set to be the first LNG export facility in the Middle East and Africa region to run on clean power and will leverage the latest technologies and artificial intelligence (AI) tools to minimize emissions and drive efficiency.

This agreement marks the third long-term LNG supply agreement from the project. The deliveries are expected to start in 2028, upon commencement of commercial operations.

Fatema Al Nuaimi, ADNOC Executive Vice President, Downstream Business Management, said: “The Ruwais LNG project continues to gain momentum, reinforcing ADNOC’s position as a reliable global natural gas provider. This new agreement builds on the UAE-Germany Energy Security and Industry Accelerator and will support Germany as it strives to diversify its energy sources and enhance its energy security.”

The UAE-Germany Energy Security and Industry Accelerator (ESIA), signed in 2022, aims to advance cooperation in energy security, decarbonization and lower-carbon fuels.

Peter Heydecker, EnBW’s Board Member for Sustainable Generation Infrastructure, said: “We are delighted that EnBW has signed its first LNG contract in the Middle East with our experienced partner ADNOC. In doing so, we are taking the next step in terms of diversifying our procurement portfolio and establishing our own LNG value chain. We can also use the experience gained here for our medium-term goal of establishing an import structure for green gases, since the two business fields are very similar.”

The LNG agreement is contingent upon a final investment decision (FID) on the project, including regulatory approvals, and the negotiation of a definitive Sale and Purchase Agreement between the two companies. When completed, the project, which consists of two 4.8 mmtpa LNG liquefaction trains with a total capacity of 9.6 mmtpa, will more than double ADNOC’s LNG production capacity to around 15mmtpa.

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 EnBW

With a workforce of over 28,000 employees, EnBW is one of the largest energy supply companies in Germany and Europe. It supplies electricity, gas and water together with infrastructure and energy-related products and services to around 5.5 million customers. In the company’s transformation from a traditional energy provider to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transportation grids for electricity and gas are cornerstones of EnBW’s growth strategy and the focus of its investment spending. By 2030, EnBW plans gross investment of 40 billion euros, around 90 percent of which is earmarked for Germany. By the end of 2025, renewables are set to account for more than half of EnBW’s generation portfolio. The aim is to phase out coal by the end of 2028. These are key milestones on the way to the company being carbon-neutral by 2035.


Origine : Communiqué ADNOC

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