ADNOC has announced the signing of a 15-year Heads of Agreement (HoA) with ENN LNG (Singapore) Pte. Ltd., a wholly-owned subsidiary of ENN Natural Gas Co. Ltd., for the delivery of at least 1 million tpy of LNG. The LNG will primarily be sourced from ADNOC’s low-carbon Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi, UAE. When completed, the project, which consists of two 4.8 million tpy LNG liquefaction trains with a total capacity of 9.6 million tpy, will more than double ADNOC’s LNG production capacity to help meet increased global demand for natural gas. The LNG agreement is contingent upon a final investment decision (FID) on the project, including regulatory approvals, and the negotiation of a definitive Sale and Purchase Agreement (SPA) between the two companies.

Source: The North Africa Journal December 21, 2023 21:02 UTC