Osaka Gas Co., Ltd. (Osaka Gas) and ADNOC signed a long term Heads of Agreement (HOA) for the delivery of up to 0.8 million metric tons per annum of liquefied natural gas (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.
As per the press release, 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). Osaka Gas and ADNOC will work together to conclude a detailed sale and purchase agreement in the coming months based on the terms of the HOA.
Keiji Takemori, Osaka Gas Executive Vice President said, “Osaka Gas is happy to secure LNG from ADNOC, a reliable supplier in the Middle East. This contract with ADNOC will significantly enhance the stability of Osaka Gas’ LNG procurement. It will also strengthen the foundation of our stable energy supply to customers, transition to lower carbon energy, and acceleration toward our net zero target. These align with our goals in the Medium-Term Management Plan 2026: Connecting Ambitious Dreams, which we announced in March. We will continue working on the stable procurement, development, and supply of natural gas as a key transition fuel to achieve a carbon neutral future”.
Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing added, “The landmark LNG agreement, our first long-term LNG deal with Osaka Gas, underscores the strong, long-standing energy partnership between the UAE and Japan. This agreement further enhances ADNOC’s position as a reliable and responsible global energy provider and reflects our commitment to help meeting Japan’s growing energy needs with secure and sustainable energy solutions. The Ruwais LNG project supports our broader strategy to expand our global LNG footprint to enable the energy transition.”
