ABU DHABI: The Abu Dhabi National Oil Company (Adnoc) announced a pivotal advancement in the realm of energy security and sustainability by signing a long-term sales and purchase agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project.
The agreement, formalising the previous Heads of Agreement established in March with SEFE Marketing and Trading Singapore Pte Ltd., marks a significant milestone in ADNOC’s commitment to providing cleaner energy solutions.
The 15-year SPA, which encompasses a substantial volume of 1 million tonnes per annum (mtpa), signifies Adnoc’s strategic partnership with SEFE, a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH.
The collaboration not only strengthens the energy ties between the United Arab Emirates and Germany but also underscores Adnoc’s role as a reliable supplier of natural gas in a world increasingly focused on decarbonisation.
With deliveries anticipated to commence in 2028, the agreement ensures a steady supply of LNG, sourced primarily from the innovative Ruwais LNG project, thereby enhancing energy security for Germany and Europe.
Fatema Al Nuaimi, Executive Vice President of Downstream Business Management at Adnoc, emphasised the importance of this agreement in supporting Germany’s energy supply, which heavily relies on natural gas.
“The commitment to lower-carbon gas aligns with global efforts to transition towards more sustainable energy sources, allowing Adnoc to play a crucial role in meeting the rising demand for cleaner energy solutions.”
Low-carbon economy
The agreement is also a testament to the UAE-Germany Energy Security and Industry Accelerator (ESIA) established in 2022, which aims to foster cooperation in energy security and decarbonisation initiatives.
Dr. Egbert Laege, CEO of SEFE, articulated the significance of this partnership in diversifying energy sources and enhancing supply security for Europe. The SPA not only supports SEFE’s ambition to transition towards a low-carbon economy but also reflects a broader commitment to responsible energy sourcing amid the challenges posed by climate change.
Notably, the Ruwais LNG plant is poised to become the first LNG export facility in the Middle East and Africa to operate on clean power, positioning it as one of the lowest-carbon-intensity LNG plants globally. This innovative approach not only bolsters ADNOC’s reputation as a leader in the energy sector but also contributes to the global imperative of reducing carbon emissions.
