Adnoc this week announced the signing of a 15-year sales and purchase deal with IndianOil for 1mn t/y of LNG “primarily from Adnoc’s lower-carbon Ruwais LNG project” which is due online in 2028. The deal firms up a heads of agreement signed in September 2024 (MEES, 13 September 2024).
Adnoc says more than 8mn t/y of the planned 9.6mn t/y capacity at Ruwais LNG is now “committed to international customers through long-term agreements.” It also says that by 2029 “IndianOil is set to become Adnoc’s largest customer, with a total offtake of 2.2mn t/y;” the other 1.2mn t/y comes from a 14-year deal for volumes from the 6mn t/y Das Island terminal starting in 2026 which was signed in February. (CONTINUED - 146 WORDS)