Adnoc + Japan’s Osaka Gas finalize 15-year agreement for.8 mn tonnes of LNG

Adnoc Gas finalizes long-term LNG agreement with Japan’s Osaka Gas: Adnoc Gas has signed a 15-year sales and purchase agreement (SPA) with Japan’s Osaka Gas to supply it with 0.8 mn tonnes of LNG a year, according to statements published here and here (pdf) on Thursday. No financial details have been disclosed.

The LNG will be sourced from Adnoc’s Ruwais LNG project, which is set to more than double Adnoc Gas’ existing LNG production capacity to nearly 15 mtpa when it becomes operational in 2028. The LNG supply will be shipped to the ports of Osaka Gas and its Singapore-based subsidiary Osaka Gas Energy Supply and Trading Pte. Ltd, the statement adds.

This has been in the works for a while: Adnoc inked a long-term Heads of Agreement with Osaka Gas back in August 2024, and delivery is reportedly slated to start in the late 2020s.

Not Adnoc’s first with Japanese partners: Adnoc Gas inked an AED 1.65 bn three-year LNGsupply agreement with Japan’s Jera in January, but the volume and timeline were not disclosed.

Adnoc Gas is on a long-term supply agreements streak: Adnoc Gas inked in February a USD 7-9 bn 14-year LNG supply agreement with Indian Oil Corporation — India’s biggest energy firm — to export up to 1.2 mn mtpa of LNG annually. The company also secured multiple long-term LNG supply agreements in 2024, including a 10-year SPA with Indian state-owned natural gas company Gail, a 15-year SPA with Sefe Marketing & Trading Singapore for 1 mn tonnes of LNG, and other long-term LNG supply agreements to deliver 1.6 mn tonnes per year from the new plant to Shell and Mitsui. It also inked a 15-year agreement to supply 0.6 mn tonnes of LNG per year to German energy giant Energie Baden-Württemberg.