Osaka Gas Co., Ltd and ADNOC have signed a long-term LNG sale and purchase agreement (SPA) for the delivery of up to 0.8 million tpy of LNG. This marks the first long-term LNG deal between Osaka Gas and ADNOC.
The LNG will be primarily sourced from the Ruwais LNG project, which is currently under development in Al Ruwais Industrial City, Al Dhafra, Abu Dhabi and expected to start commercial operations in 2028 as the first LNG export facility in the Middle East and North Africa region to run on clean power. Under the agreement, LNG cargos will be shipped to the destination ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd (OGEST).
Keiji Takemori, Osaka Gas Executive Vice President, said: “The relationship between Abu Dhabi and our home base Osaka dates back to 1970, marked by the opening of the Abu Dhabi Pavilion at the Expo’70 in Osaka. This year, Osaka once again hosts the World Expo, and we are delighted to announce the signing of a long-term LNG Sale and Purchase Agreement with ADNOC in this landmark year. ADNOC has been a reliable LNG supplier to Japan for nearly half a century. This new contract, with such a trusted LNG provider, will help ensure a stable energy supply for our customers.”
Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, commented: “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.”