{"id":80919,"date":"2024-09-10T00:00:00","date_gmt":"2024-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/10\/adnoc-inks-15-year-supply-agreement-with-indianoil\/"},"modified":"2024-09-10T00:00:00","modified_gmt":"2024-09-10T00:00:00","slug":"adnoc-inks-15-year-supply-agreement-with-indianoil","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/10\/adnoc-inks-15-year-supply-agreement-with-indianoil\/","title":{"rendered":"Adnoc inks 15-year supply agreement with IndianOil"},"content":{"rendered":"

Abu Dhabi National Oil Company (Adnoc) inked a 15-year LNG heads of agreement to<\/strong> supply 1 mn metric tonnes of LNG<\/strong> annually to state-owned <\/strong>IndianOil<\/a><\/strong>, according to a statement<\/a>. The LNG will be sourced mainly from Adnoc\u2019s Ruwais LNG project in Abu Dhabi, which is expected to go live in 2028<\/a> and more than double Adnoc\u2019s LNG production capacity to 15 mn metric tons per annum from 6 mn tons.<\/p>\n

The latest in a flurry of agreements: <\/strong>Adnoc agreed to supply Japan's Osaka Gas with 0.8 mn metric tons of LNG annually in <\/span>August<\/a>, at which point it said it had secured off-take agreements for 70% of Ruwais LNG's capacity. The oil giant also inked an agreement to <\/span>supply 1 mn tons per year to Shell<\/a>, a supply agreement for 0.6 mn tons to Mitsui, and other agreements with <\/span>China's ENN<\/a>, <\/span>SEFE Marketing & Trading Singapore<\/a>, and <\/span>Germany\u2019s Energie Baden-W\u00fcrttemberg<\/a>.<\/span><\/p>\n

REMEMBER-<\/strong> Adnoc completed its sale of 40% worth of stakes<\/a> in the USD 7 bn Ruwais project to UK oil and gas giant Shell, French TotalEnergies, BP, and Japan\u2019s Mitsui in July<\/a>, with each firm acquiring 10%. The oil giant holds the remaining 60% stake in the project. An additional 5% stake could also be sold to a different partner, Reuters reported at the time, without providing further details.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 1 mn metric tonnes of LNG will be sourced mainly from Adnoc\u2019s Ruwais LNG project in Abu Dhabi<\/p>\n","protected":false},"author":1,"featured_media":80920,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41],"tags":[183,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-adnoc","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"5b3c2ffc-3e14-4fbe-baa1-058710e62e08","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/706.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc inks 15-year supply agreement with IndianOil","related_issue":[80914],"teaser":"The 1 mn metric tonnes of LNG will be sourced mainly from Adnoc\u2019s Ruwais LNG project in Abu Dhabi","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.49f8ad3f-10fb-4274-bd2b-0860cb566d2d.mp3"},"yoast_head":"\nAdnoc inks 15-year supply agreement with IndianOil - 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