Overview
- On Tuesday, July 7, ADNOC finalised a 15‑year sales and purchase agreement to supply Inpex 1 million tonnes per year of LNG from the Ruwais project.
- With the Inpex contract, long‑term offtakes now cover more than 90% of Ruwais’s planned 9.6 mtpa capacity and Japanese buyers account for nearly 23% of committed volume.
- Ruwais will comprise two 4.8 mtpa liquefaction trains, is due to start commercial operations in 2028, and ADNOC says it will run on clean power and use AI to lower carbon intensity.
- The deal was announced during Sultan Al Jaber’s visit to Japan and is the first long‑term sale publicised since ADNOC and its XRG arm launched an integrated global LNG marketing and trading platform.
- ADNOC projects ADNOC Gas will buy ADNOC’s 60% stake in Ruwais at cost in 2028 for about $5 billion, a move that would raise ADNOC Gas’s operated LNG capacity to roughly 15 mtpa and strengthen supply options for Asian buyers under Inpex’s Vision 2035.