From News Desk

ADNOC has announced about the signing of a 15-year Sales and Purchase Agreement (SPA) with INPEX CORPORATION (INPEX), Japan’s largest exploration and production (E&P) company, for the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the Ruwais LNG project.

The agreement was announced during a visit to Japan by Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, MD and Group CEO, ADNOC; and Executive Chairman of XRG, where he is leading a delegation for meetings with senior Japanese government and business leaders. This is to strengthen the UAE’s longstanding energy partnership with Japan and build on six decades of trusted cooperation.

Nasser Al Muhairi, Acting CEO, ADNOC Downstream Industry, Marketing & Trading and Chairman, Ruwais LNG said, “This SPA with INPEX marks the first long-term LNG agreement announced following the launch of ADNOC and XRG’s integrated global LNG marketing and trading platform. It demonstrates how we are bringing more LNG molecules, greater market access and enhanced commercial flexibility to our customers. It builds on ADNOC’s decades-long energy partnership with Japan, advances the commercialisation of Ruwais LNG and reinforces strong market confidence in the project. As ADNOC and XRG target 47 mtpa of combined marketable LNG by 2035, Ruwais LNG will be a key source of reliable, flexible and lower-carbon supply for customers in Asia and around the world.”

The agreement further strengthens the longstanding relationship between INPEX and the ADNOC Group. It aligns with INPEX Vision 2035, announced in February 2025, under which INPEX aims to strengthen its LNG portfolio and supply LNG more flexibly to complement the LNG from its own projects. INPEX is also a long-standing upstream partner of ADNOC, holding participating interests across a number of Abu Dhabi’s offshore and onshore concessions.