ADNOC signs SPA with EnBW for Ruwais LNG project
Published by Jessica Casey,
Editor
LNG Industry,
ADNOC has signed a third sales and purchase agreement (SPA) for the lower-carbon Ruwais LNG project, with Germany’s EnBW Energie Baden-Württemberg AG (EnBW), one of the largest operators of energy infrastructure in Germany and across Europe. The 15-year SPA for supplying 0.6 million tpy of LNG converts a previous heads of agreement between ADNOC and EnBW into a definitive agreement.
The LNG will primarily be sourced from the Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi. Deliveries are expected to start in 2028 upon commencement of its commercial operations. To date, over 8 million tpy of the project’s 9.6 million tpy production capacity has been committed to international customers through long-term agreements.
The agreement with EnBW is ADNOC’s second SPA with a German company for Ruwais LNG, following a 15-year, 1 million tpy agreement signed in November with SEFE Marketing and Trading Singapore Pte Ltd, a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH.
Fatema Al Nuaimi, ADNOC Executive Vice President, Downstream Business Management, said: “We are very pleased to partner with EnBW, one of the largest energy supply companies in Germany, in our second SPA to the country from the Ruwais LNG project. This partnership underscores ADNOC’s dedication to fostering sustainable and strategic energy collaborations. By supplying lower-carbon LNG to EnBW, we are not only enhancing our partner’s energy security but also contributing to decarbonisation efforts, reaffirming ADNOC’s position as a trusted partner in the evolving energy landscape.”
The agreement builds on the UAE-Germany Energy Security and Industry Accelerator (ESIA) agreement, signed by the UAE and Germany in 2022, which aims to advance cooperation in energy security, decarbonisation, and lower-carbon fuels. The agreement also further advances the Joint Declaration of Intent for Sustainable Energy Cooperation between the Ministry of Industry and Advanced Technology of the UAE and the German state of Baden-Württemberg signed in February 2024.
Peter Heydecker, EnBW Board Member for Sustainable Generation Infrastructure, added: “We are very pleased to establish a long-term LNG contract with ADNOC. Finalising this contract is a significant step in furthering our relationship and expanding our LNG portfolio. We will continue to work with our esteemed partner ADNOC to develop other opportunities in LNG and adjacent businesses and look forward to a mutually beneficial long-term relationship and joint business success.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17122024/adnoc-signs-spa-with-enbw-for-ruwais-lng-project/
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