ADNOC Gas has secured a 15-year sales and purchase agreement with British oil company Shell, as per an official announcement.
Specifically, the deal was inked with Shell’s Middle East subsidiary. As part of the agreement, 1 million tons per annum of LNG is to be delivered. The main product is to be sourced from ADNOC’s Ruwais facility, a project that Abu Dhabi’s national oil and gas company has been working to commercialize, which Shell has a 10% stake in.
ADNOC Gas’s CEO Fatima Al Nuaimi has said that the agreement with Shell marks a milestone, strengthening ADNOC’s position as a leading global supplier of lower carbon LNG.
“Securing over 80% of Ruwais LNG’s capacity in just over a year from FID is a remarkable achievement that sets a new benchmark for large-scale LNG projects globally. While the industry can take up to four or five years to market such volumes, Ruwais is advancing at record pace. In parallel, construction, contractor mobilization, and site works are all on track for commissioning by the end of 2028,” he also said.
The agreement was formally signed at the ADIPEC conference.
ADNOC has also secured an agreement with Microsoft to integrate AI agents across its operations for improved efficiency.