ADNOC has signed a Sales and Purchase Agreement with Osaka Gas, one of Japan’s largest utility companies, securing the supply of up to 0.8 million tonnes per annum of liquefied natural gas from ADNOC’s lower-carbon Ruwais LNG project. The 15-year agreement converts a previous Heads of Agreement into a definitive contract, marking the first long-term LNG sales deal between ADNOC and Osaka Gas.
Strengthening Global LNG Partnerships
The LNG will be primarily sourced from the Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi, and set to begin commercial operations in 2028. The agreement is the fourth long-term SPA signed for Ruwais LNG, further solidifying ADNOC’s position as a leading global supplier of lower-carbon LNG. To date, 8 mtpa of the project’s 9.6 mtpa capacity has already been committed to international buyers across Asia and Europe.
Rashid Khalfan Al Mazrouei, ADNOC senior vice president, marketing, highlighted the importance of the deal, stating: “This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand our global LNG footprint. Through our world-class Ruwais LNG project, ADNOC will continue to provide more lower-carbon gas to meet growing global demand, fuel industries, and power homes.”
Under the SPA, LNG cargoes will be delivered to Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd.
Osaka Gas Strengthens Energy Security
Keiji Takemori, Osaka Gas executive vice president, acknowledged ADNOC’s long history as a reliable LNG supplier, stating: “The relationship between Abu Dhabi and Osaka dates back to 1970, with the opening of the Abu Dhabi Pavilion at Expo ‘70. As Osaka once again hosts the World Expo this year, we are delighted to announce this long-term LNG agreement with ADNOC. This contract will help ensure a stable energy supply for our customers.”
Ruwais LNG: A Key Low-Carbon Energy Hub
The Ruwais LNG plant will be the first LNG export facility in the Middle East and Africa region to operate on clean power, making it one of the lowest-carbon intensity LNG plants in the world. The facility will incorporate artificial intelligence and advanced technologies to enhance safety, efficiency, and emissions reduction.
ADNOC Gas announced in November 2024 its plan to acquire ADNOC’s 60 percent stake in Ruwais LNG at cost, estimated at $5 billion, in 2028. Once completed, the project—featuring two 4.8 mtpa liquefaction trains with a combined 9.6 mtpa capacity—will more than double ADNOC Gas’ LNG production capacity to approximately 15 mtpa.
In February 2025, ADNOC successfully completed a marketed offering of 3.1 billion ordinary shares in ADNOC Gas to institutional investors. This move is part of its broader strategy to enhance liquidity and position ADNOC Gas for inclusion in major international indices such as MSCI Emerging Market Index and FTSE Emerging Market Index.
This agreement with Osaka Gas underscores ADNOC’s commitment to global energy security, its expanding LNG footprint, and its role in driving the energy transition through lower-carbon solutions.
For more information visit www.adnoc.ae
