Abu Dhabi National Oil Company (ADNOC) said on Monday it signed a 15-year agreement to supply 1 million metric tons a year of liquefied natural gas (LNG) to a subsidiary of Germany's state-owned Securing Energy for Europe (SEFE).
The LNG will come from ADNOC's Ruwais LNG project and deliveries are expected to begin in 2028, ADNOC said in a statement.
ADNOC has sharpened its focus on natural gas, seeing it as a transition fuel as the world tries to curb planet-warming emissions, and as competition for LNG has ramped up since Russia's invasion of Ukraine in February 2022.
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