Adnoc Gas sees potential to advance Ruwais LNG commercial start

Adnoc

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Gas continues to strengthen its position as a key player in the liquefied natural gas sector, driven by accelerated progress in the execution of its strategic programmes and projects under an integrated approach focused on enhancing the operational readiness of its assets and ensuring their long-term sustainability, amid rapid global energy market shifts in supply and demand.The advanced pace of delivery at the Ruwais LNG project underscores its strategic importance. With a production capacity of 9.6 million tonnes per annum, Adnoc Gas indicated that construction works are progressing ahead of approved schedules, opening the possibility of bringing forward the start of commercial operations currently planned for the second half of 2028.

Once operational, the project is expected to raise the UAE's total LNG production capacity to around 15 million tonnes per annum.

In a statement to Emirates News Agency (WAM), Adnoc Gas said it will acquire Adnoc’s stake in the Ruwais project upon completion at an estimated cost of about US$5 billion. The company added that it has already secured long-term sales and purchase agreements covering more than 8 million tonnes per annum of the project's output, allocating 80 per cent of production to long-term contracts while marketing the remaining volumes on the spot market, in line with the business model applied at the Das Island facility.