ADNOC signs SPA with INPEX for Ruwais LNG project
What happened
ADNOC signed a 15‑year sales and purchase agreement with INPEX for the supply of one million tonnes per year from the Ruwais LNG project, and the plant is scheduled to start commercial operations in 2028. The SPA is presented as part of ADNOC’s broader LNG marketing rollout and commits a substantial share of initial Ruwais capacity to long‑term buyers, making the project more bankable and operationally real. Watch whether remaining capacity is committed on similar long‑term terms and how that changes EPC contractor packaging and financing
Why the category manager should care
Treat the SPA as a firm project demand signal that makes vendor commitments and staged milestone structures more realistic when negotiating EPC and equipment contracts
Key facts
- 15‑year sales and purchase agreement
- Supplies 1 million tonnes per year
- Ruwais LNG commercial operations scheduled to start in 2028