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Adnoc finalizes second long-term LNG agreement with Malaysia’s Petronas: Adnoc signed a 15-year sales and purchase agreement (SPA) with Malaysia’s state-owned oil and gas firm Petronas to supply it with 1 mn tonnes of liquefied natural gas (LNG) annually from its LNG project in Al Ruwais, according to a statement. Deliveries are set to begin in 2028.
The agreement will help Malaysia ramp up its LNG portfolio: The agreement with Adnoc “bolsters [Petronas’] LNG portfolio with a reliable supply of lower-carbon energy to meet Malaysia’s domestic demand,” Petronas LNG Marketing & Trading VP Shamsairi Ibrahim said.
ICYMI- To date, over 8 mn tonnes per annum (mtpa) of the Al Ruwais LNG project’s 9.6 mtpa production capacity has been committed through long-term agreements. These include a 15-year SPA with Singapore’s Sefe Marketing & Trading for 1 mn tonnes, a 15-year agreement with China’s ENN Natural Gas for 1 mn tonnes, and another 15-year agreement with Germany’s Energie Baden-Württemberg for 0.6 mn tonnes. Additional supply agreements include 1 mn tonnes per year to Shell and 0.6 mn tonnes to Mitsui.
