ADNOC Sign 15-Year Pact with SEFE for LNG Supplies
Securing Energy for Europe (SEFE), an international energy company, and Abu Dhabi National Oil Company (ADNOC) on Wednesday signed a Sales and Purchase Agreement (SPA) for the long-term supply of low-carbon liquefied natural gas (LNG) from the Ruwais LNG plant in the UAE.
The LNG supply is expected to start in 2028 and as part of the agreement, ADNOC will deliver one million tonnes of LNG annually to SEFE for a period of 15 years.
The execution of the SPA between SEFE and ADNOC converts the Heads of Agreement (HoA) signed in March 2024, and is the first definitive agreement for the supply of LNG from the low-carbon Ruwais LNG project.
The Ruwais LNG project is currently being developed in Al Ruwais Industrial City, Abu Dhabi. The project is set to be the first LNG export facility in the Middle East and North Africa (MENA) region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world.
Once completed, the plant, which consists of two LNG liquefaction trains with a combined capacity of 9.6 MMTPA will more than double ADNOC’s LNG production capacity to help meet rising global demand for natural gas.
Ensuring Germany’s Energy Security
Fatema Al Nuaimi, Executive Vice President Downstream Business Management at ADNOC, said that natural gas accounts for over a quarter of Germany’s energy supply and they will support the country’s energy security through this landmark agreement with SEFE for the lower-carbon Ruwais LNG project.
He also said that as natural gas demand continues to increase, ADNOC is ensuring greater access to lower-carbon gas to power homes, fuel industries and keep people connected, and they will continue to reinforce their role as a reliable global supplier of natural gas.
SEFE CEO Dr Egbert Laege said that this partnership with ADNOC supports their efforts to responsibly diversify the energy sources, enhance security of energy supply for Germany and Europe and to support SEFE’s customers on their decarbonisation journey.
Furthermore, it is an important step for SEFE’s ambition to drive the energy transition and become a European energy major in the low-carbon economy, he added.
Frederic Barnaud, CCO of SEFE and CEO of SEFE Marketing & Trading, said that they were delighted to build on their enduring partnership with ADNOC and become the first foundation buyer of Ruwais LNG.
He also highlighted the significance of the agreement saying that ADNOC is a reliable and responsible global energy supplier, and they will look forward to this SPA marking a renewed commitment to enhanced collaborations in LNG and low-carbon alternatives.
