Germany’s ‘Securing Energy for Europe’ has had a busy week securing additional LNG volumes for Europe’s newest importer. On 18 March, a 15-year Heads of Agreement (HoA) was reached with Adnoc for 1mn t/y which will primarily be sourced from its planned 9.6mn t/y Ruwais facility. Supplies are to begin in 2028, when Ruwais LNG starts up. FID has yet to be taken, but Adnoc last week issued a Limited Notice to Proceed (LNTP) for early EPC activities on the plant (MEES, 15 March).
This is the second preliminary sales deal reached for Ruwais LNG, after a 1mn t/y deal was signed with Singapore’s ENN LNG in December (MEES, 22 December 2023). Adnoc says the latest deal reinforces the Energy Security and Industry Accelerator (ESIA) agreement signed by the UAE and Germany in 2022. That agreement led to Adnoc dispatching the first Middle Eastern cargo to Germany from its 5.6mn t/y Das Island terminal in January 2023 (MEES, 20 January 2023). (CONTINUED - 215 WORDS)